Economics (AS & A Level) · Oct / Nov 2023 · Paper 13 · Question 11
9708Price elasticity of supply
A firm is producing 100 units at a price of $10. The price elasticity of supply is 0.5 and the price is raised to $12. What is the new level of output?
- A75
- B110
- C125
- D150
As printed in the paper
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Correct answer: B. 110
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