Question: Question 1 (10marks) i. Given the supply function ? = 2? - 5 a. Find arc elasticity of supply when p increases from (i) 5

Question 1 (10marks) i. Given the supply function ? = 2?

- 5 a. Find arc elasticity of supply when p increases from

Question 1 (10marks) i. Given the supply function ? = 2? - 5 a. Find arc elasticity of supply when p increases from (i) 5 to 6 and (ii) 50-51 [3]

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