If the quantity supplied of a commodity increases from 20 to 30 units when there is an increase in price from N4 to N5, the elasticity of supply is

Dwise12

8 years ago

Yep buh ur work is confusing



SE=%chang in supply/%in price



Old Qt-new qt=20-30=-10,

-10/20×100=-50%

4-5=-1.

-1/4×100=-25%

-50%/-25%=2ans