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

Price elasticity of supply (PES) — practice question

Following a rise in price from $\$5$ per kg to $\$6$ per kg, a farmer raised supply from $400$ kg each week to $500$ kg per week. What is the price elasticity of supply?

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

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