What is the price elasticity of supply

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When price of a good rises from Rs. 12 per unit to Rs. 15 per unit the producer supplies 50 per cent more output. What is the price elasticity of supply?

Reference no: EM131171038

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What is the price elasticity of supply : When price of a good rises from Rs. 12 per unit to Rs. 15 per unit the producer supplies 50 per cent more output. What is the price elasticity of supply?
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