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

Price elasticity of supply (PES) — practice question

When the price rose from $\$5$ per kg to $\$6$ per kg, a farmer raised supply from $400$ kg to $500$ kg each week. What is the price elasticity of supply?

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

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