Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 9
9708Price elasticity of supply
The price elasticity of the supply of yoghurt is estimated to be +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
Show the answer
Correct answer: D. 30%
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.