If the price of an item changes by 8 and quanti... - JAMB Economics 2009 Question
If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is
A
0.80
B
1.25
C
2.00
D
10.00
correct option: b
Please share this, thanks:
Add your answer
No responses