Question
A rise in the price of chocolates from R6 to R10 results in an increase in quantity supplied from 6 000 to 12 000 units.
A rise in the price of chocolates from R6 to R10 results in an increase in quantity supplied from 6 000 to 12 000 units. this means that the arc price elasticity of supply for chocolates is?
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The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
