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

Price elasticity of supply (PES) — practice question

The price of fish has risen from $3.00 to $4.80. The quantity supplied of fish has risen from 100 units to 130 units. What is the price elasticity of supply (PES) of fish?

  • A0.5
  • B1.3
  • C1.8
  • D2

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