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

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asked Oct 4, 2021 127k views

1 Answer

Shirland · Answer 1 · 2021-10-08T02:58:26+0000

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

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

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