Question: 28. The supply function for a good can be written as Q = 2P + 10, where Q is the quantity supplied in kilos

28. The supply function for a good can be written as Q

28. The supply function for a good can be written as Q = 2P + 10, where Q is the quantity supplied in kilos and Pis the price per kilo in dollars. The price falls from S15 to S10 per kilo. The value of price elasticity of supply for this price change lies in a range from: O 318 to 1/2 O 2/3 to 3/4 O 1/6 to 1/4 O 5/4 to 3/2

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