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

Price elasticity of supply (PES) — practice question

A firm is provided with the following supply schedule. What is the price elasticity of supply of the good when the price rises from $5 to $10?

  • A$-0.5$
  • B$+0.5$
  • C$+1.0$
  • D$+2.0$

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