question archive If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is

If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is

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If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is. Choose the correct answer.

a. 0.38

b. 2

c. 2.67

d. 4

e. 8

Option 1

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