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

Price elasticity of supply (PES) — practice question

If the price of butter rose by 10%, and the quantity supplied of butter rose by 20%, what is the price elasticity of supply (PES) for butter?

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

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