A good has a price elasticity of supply of +2. Its initial quantity supplied was 200 units. The price then rises by 30%. What will the quantity supplied be after this rise in price?
- A80 units
- B140 units
- C260 units
- D320 units
Economics 9708 · AS & A Level · Price elasticity of supply
A good has a price elasticity of supply of +2. Its initial quantity supplied was 200 units. The price then rises by 30%. What will the quantity supplied be after this rise in price?