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

Price elasticity of supply (PES) — practice question

A product has a price elasticity of supply (PES) of $1.0$. This product is priced at $10 and the quantity supplied is 200 units. If the price of the product rises to $11, by how many units will the quantity supplied rise?

A1 unit
B10 units
C20 units
D200 units

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