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

Price elasticity of supply — practice question

A product’s supply, S, is given by S = 10 + 10P, where P represents the product price. What is the price elasticity of supply when the price rises from $1 to $2?

  • A0
  • B0.5
  • C1.0
  • D2.0

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