Economics (AS & A Level) · Oct / Nov 2022 · Paper 12 · Question 7
9708Price elasticity of supply
The price elasticity of the supply of yoghurt is +1.5. If the demand for yoghurt rises and price rises by 20%, how much more will be supplied to the market?
- A0.3%
- B3.0%
- C13.3%
- D30%
As printed in the paper
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Correct answer: D. 30%
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