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when supply rises by 50% with an increase in price by 25%. calculate elasticity

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in Economics by (89 points)
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when supply rises by 50% with an increase in price by 25%. calculate elasticity
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1 Answer

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by (20 points)

Es=% change in supply divided by % change in price 

% 50\25%= 2 

2 will be the elasticity 

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