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

Price elasticity of supply (PES) — practice question

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

A$0.8$
B$0.9$
C$1.2$
D$1.25$

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