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 price of a bicycle changes from N120 to N80…The quantity supplied of a book per week is…A seller increased the quantity he offered for sale…If price of yams decreases from N15.00 per tuber to…What is the elasticity of demand for commodity X, if…