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Economics · Oct / Nov 2025 · Paper 12 · Question 7

2281Price elasticity of supply (PES)

When the price of butter increased by 10%, the quantity supplied of butter increased by 20%. What is the price elasticity of supply (PES) of butter?

  1. A−2.0
  2. B−0.5
  3. C+0.5
  4. D+2.0

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Correct answer: D. +2.0

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