Home » Economics » If the price of an item changes by 8% and quantity supplied changes from 600…If the price of an item changes by 8% and quantity supplied changes from 600… If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is A. 0.80 B. 1.25 C. 2.00 D. 10.00 Correct Answer: Option B Explanation Related Posts Which of the following is not a reason why people migrate from one place to… The only factor of production that plays an active role in the production process is Which of the following defines Economics most comprehensively? In perfect competition,price is determined by the An entrepreneur will continue to employ labour up to a point where? Which of the following combinations is a veritable set of development indicators?
