What is the price elasticity of supply, Macroeconomics

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What is the price elasticity of supply

Problem

A. 20% increase in the price of a particular good gives rise to an 8% increase in quantity supplied.
B. What is the price elasticity of supply?
C. Is it supply elastic, supply inelastic, unit elastic, perfectly inelastic and perfect elastic.
D. Explain and include all relevant graphs.

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Macroeconomics: What is the price elasticity of supply

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Macroeconomics: What is the price elasticity of supply

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