if-the-price-of-ice-cream-increases-from-5-to-7-and-the-quantity-supplied-increa

Question

If the price of ice cream increases from $5 to $7 and the quantity supplied increases from 50,000 to 70,000 tubs, what is the price elasticity of supply?

Accepted Answer

1.0

Answer

1.5

Answer

2.0

Answer

0.5

If the price of ice cream increases from \$5 to \$7 and the quantity supplied increases from 50,000 to 70,000 tubs, what is the price elasticity of supply?