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

Price elasticity of supply (PES) — practice question

When the price rises from $5\ \text{per kilo}$ to $6\ \text{per kilo}$, a farmer raises supply from $400$ kilos each week to $500$ kilos each week. Calculate the price elasticity of supply.

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

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