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 farmer increased supply from $400$ kilos to $500$ kilos each week. What value of the price elasticity of supply is shown?

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

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