Question

Example 13. When price of a commodity becomes twice the original price, the quantity supplied
increased by an amount equal to 4 times of original quantity supplied. Calculate the coefficient
of price elasticity of supply.​

Answer 1

Marina Shkvyria watches for animal tracks as she walks toward an abandoned village in the Chernobyl Exclusion Zone, the area sealed to the public after a nuclear power plant exploded here 30 years ago, on April 26, 1986. Spotting one, she crouches and runs her finger over the toes of a wolf print in the loose sand.