Economics 0455 · IGCSE · Price elasticity of supply (PES)

Price elasticity of supply (PES) — practice question

As a result of the price rising from $\$5$ per kilo to $\$6$ per kilo, a chicken farmer increased supply from $400$ kilos to $500$ kilos per week. What is the price elasticity of supply?

A0.8
B0.9
C1.2
D1.25

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