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

Price elasticity of supply (PES) — practice question

If the price of butter rises by 10%, the quantity supplied of butter rises by 20%. What is the price elasticity of supply (PES) of butter?

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

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