Economics · Oct / Nov 2025 · Paper 13 · Question 7
2281Price elasticity of supply (PES)
The price of fish has increased from $3.00 to $4.80. The quantity supplied of fish has increased from 100 units to 130 units. What is the price elasticity of supply (PES) of fish?
- A0.5
- B1.3
- C1.8
- D2
As printed in the paper
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Correct answer: A. 0.5
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