If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units; the price elasticity of supply is? by Sunday | Oct 23 | Economics JAMB | 0 comments A. 0.80 B. 1.25 C. 2.00 D. 10.00 Correct Answer: Option B – 1.25 Users Also Read These:If the quantity demanded of a commodity increases…The supply of rice in tons is given by the fraction:…Price elasticity of supply measures the…If price of yams decreases from N15.00 per tuber to…Where p = price in naira, Qd = Quantity demanded and…