What is the price elasticity of supply when the price rises from $2 to $4

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22-11-2020
Business

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What is the price elasticity of supply when the price rises from $2 to $4

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rahini rahini · Answer 1 · 2020-11-22T05:56:51+01:00

rahini rahini

22-11-2020

To calculate PES u also need to give the change in quantity supplied.(which isn’t there in the question)
But the formula is

PES = %change in quantity supplied / % change in price

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