if 20% rise in price causes 32%increase in supply,what will be the elasticity of supply - Economics - The Theory of The Firm Under Perfect Competition

Question

if 20% rise in price causes 32%increase in supply,what will be the
elasticity of supply?

Shvetika Sharma · Accepted Answer

Dear student,

Elasticity of supply = Percentage change in quantity suppliedPercentage change in price=32 20 = 1
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if 20% rise in price causes 32%increase in supply,what will be the elasticity of supply?