Answer to Question #85115 in Microeconomics for Ayanda Lubisi

Question #85115

If the supply equation is given as
Qs=-200+10P, the price elasticity of supply between
R25 and R35, calculated using the arc elasticity of demand, is …
1. 0.6
2. 1.8
3. 0.53
4. 3.0

Expert's answer

4. 3.0

((-200+350+200-250)/((-400+600)/2)÷(35-25)/((35+25)/2))

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