Question

Problem 1: If an increase in the price of a ball
point pen from 40 to 50 results in an increase
in quantity supplied of pens from 1000 to 1500 what is the elasticity of supply?​

Answer 1

elasticity of supply will be 2

P - initial price

∆P - change in price

Q - initial quantity

∆Q - change in quantity

Answer 2

Answer:

the same as upper and ....