Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

A good has a price elasticity of supply of 2.0. At a market price of $20 per unit, the quantity supplied is currently 300 units per week. The firm increases the price to $25 per unit. What will the quantity supplied be per week now?

  • A150 units
  • B375 units
  • C400 units
  • D450 units

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