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

Price elasticity of supply — practice question

At a price of $2.00 for good X, the quantity supplied is 100 000. The price elasticity of supply of good X is 0.8 in the short run and 1.4 in the long run. If the price of good X rises to $2.20, by how much does the quantity supplied of good X increase between the short run and the long run?

  • A6000
  • B60 000
  • C114 000
  • D140 000

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