Economics 2281 · O Level · Price elasticity of supply (PES)

Price elasticity of supply (PES) — practice question

When the price rose from $5 per kilo to $6 per kilo, a chicken farmer raised supply from $400 kilos to $500 kilos each week. Calculate the price elasticity of supply.

  • A0.8
  • B0.9
  • C1.2
  • D1.25

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