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answer all Activity 1.3: Price elasticity of supply (pair/group) Study the graph alongside and answer the questions that follow: ! Explain the concept price elasticity

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Activity 1.3: Price elasticity of supply (pair/group) Study the graph alongside and answer the questions that follow: ! Explain the concept price elasticity of supply. Write down the formula that you will need to D calculate the price elasticity of supply. Identify each degree of price elasticity of supply in the graphs named (A) to (E). " When we calculate the price elasticity of supply we get a positive answer for the percentage change in quantity supplied. Why Is this? What Is the relationship, If any, between the price elasticity of supply and the law of supply? Knowledge and comprehension Application and analysis Synthesis and evaluation X

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