Answered: If the price of sugar rises from $16…

If the price of sugar rises from $16 per kg to $18 per kg. the quantity supplied expands from 100kg to 150kg. What is the elasticity of supply of sugar?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 24SQ: Suppose that when price is 10, quantity supplied is 20 units, and when the price is 6, the quantity...

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If the price of sugar rises from $16 per kg to $18 per kg. the quantity supplied expands from 100kg to 150kg. What is the elasticity of supply of sugar?

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