In response to an increase in price from $$\(\$ 5\)$$ per kilo to $$\(\$ 6\)$$ per kilo, a farmer increased supply from 400 kilos to 500 kilos per week. What is the price elasticity of supply?
A.
\(0.8\)
B.
\(0.9\)
C.
\(1.2\)
D.
\(1.25\)
Exam No：0455_s21_qp_12 Year：2021 Question No：8
Answer:
D
Knowledge points:
2.8.2 calculation of PES (Drawing and interpretation of supply curve diagrams to show different PES.)
Solution:
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