An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ? | MCQ Hive

Economics Mcqs

Q An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?

A A. +2
B B. +0.5
C C. -2
D D. -0.5

Previous A contraction in supply occurs when ?

Next A shift in aggregate supply is likely to ?

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