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At price of $150 a cell phone company manufacturers 200000 phones. At price of $250, the company produces 400000 phones. What is the price elasticity of supply?

At price of $150 a cell phone company manufacturers 200000 phones. At price of $250, the company produces 400000 phones. What is the price elasticity of supply?
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At price of $150 a cell phone company manufacturers 200000 phones. At price of $250, the company produces 400000 phones. What is the price elasticity of supply?

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User Vladislav Rishe
by
7.9k points

1 Answer

5 votes

Answer: 1.33

Hope this helps!

answered
User Wasim Aftab
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