Question

What is the elasticity of supply, when
price changes from 15 to '12 and
supply change from 6 units to 5
units?
O 0.77
O 0.87
O 0.833
O 0.58
This is a required question​

Answer 1

ANSWER

_______________⭐

Price elasticity of supply =

$% change \: in \: quantity supplied \div % change \: in \: price$

Therefore, Price elasticity of supply=

$((120-100)/(120+100))*( (5-4)/(5+4))$

$= 0.80$

• Since, price elasticity of supply is less than 1, supply of this commodity is inelastic. This means that a shift in price won't drastically affect the supply of the commodity.

$hope \: its \: help \: u$

Answer 2

Answer:

the answer is 0.87