Question

What are the respective price elasticities of supply at A and B on the supply curve shown in the figure below? Supply Price 3 6 9 12 15 18 21 Quantity Instruction: Enter your responses as ratios. Elasticity of supply at point : Elasticity of supply at point BD 2 O

Answer 1

famdhiom baftly , this me must hame a 7e the uime 12,16 (,4)and 6(12,6 A the -१। Phice where -> Sunatety 6-4 2 6-て1 2 AB ) So C amd 41 -1

2 K 3 X - 2 4- 6 Eqation beomes guandity (9) 2 3 3P+2) 3P 2D 3P 3 2

Auint elashity fomula where P= 4 Bnd -9 A 3 3 4 2. 2. EA 2. 3 7 at foint So tHadhwlty lait A 8-12 forint B uhere 6 amd 3 12 E 3 3 4 Jz 4 8 3/4 at

Summary of Answers

Elasticity of supply at point A : 2/3

Elasticity of supply at point B : 3/4