Calculate the Price Elasticity of Supply for the Following Goods

question 36

Essay

Calculate the price elasticity of supply for the following goods.Also comment on the elasticity in each case.
a)When the price of a good is $100,200 units are supplied.But when the price increases to $300,220 units are supplied.
b)When the price of a good is $50,50 units are supplied.But when the price decreases to $30,10 units are supplied.

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Definitions:

Luborsky

Leslie Luborsky, an influential figure in psychotherapy research known for his contributions to understanding therapeutic alliances and the comparison of psychotherapies' effectiveness.

Transference-focused Psychotherapy

A psychoanalytic treatment that aims to understand and work through the transference patterns patients display towards therapists, based on past relationships.

Dialectical Behavior Therapy

A type of cognitive-behavioral therapy that emphasizes the psychosocial aspects of treatment, focusing on the acceptance and change of behaviors.

Holding Environment

A supportive space that provides safety and nurturing, facilitating personal growth or psychological healing.