Question: Consider the supply function for a kind of computer, namely p=10+0,5q. Determine the arc elasticity if the price increases from R1200 to R3200. a.

Consider the supply function for a kind of computer, namely p=10+0,5q. Determine

Consider the supply function for a kind of computer, namely p=10+0,5q. Determine the arc elasticity if the price increases from R1200 to R3200. a. |E|=1, the supply is unit elastic. The 1% change in supply is equal to 1% change in price. b. El=1, the supply is unit inelastic. The 1% change in supply is equal to 1% change in price. c. |E|=

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