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A Level
Economics OCR
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Elasticity

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Question 4

The quantity supplied of a product is 4000 units when its price is $£ 50$ . If the price elasticity of supply is 1.5, what will be the quantity supplied when the price rises to $£ 60$ ?

$4600$

$4800$

$5200$

$6000$

Elasticity Questions

A Level
Economics
Elasticity