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kobusy [5.1K]
3 years ago
11

What is the price elasticity of supply when the price rises from $2 to $4

Business
1 answer:
Mkey [24]3 years ago
5 0
To calculate PES u also need to give the change in quantity supplied.(which isn’t there in the question)
But the formula is

PES = %change in quantity supplied / % change in price
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2 years ago
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