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:

Repolarization

The process by which a cell's membrane returns to its resting potential after depolarization.

Threshold

The minimum level of stimulus needed to activate a physiological response or sensation.

Depolarization

A process where the electrical charge of a cell's membrane becomes less negative, leading to the activation of the cell, often referring to nerve or muscle cells.

Resting Membrane Potential

The electric potential difference across the cellular membrane when the cell is in a non-excited state, crucial for the transmission of nerve impulses.