The value of price elasticity of supply is:
Es=80−50200−100×200+10080+50=900/1300=0.69.Es = \frac{80 - 50} {200 - 100} × \frac {200 + 100} {80 + 50} = 900/1300 = 0.69.Es=200−10080−50×80+50200+100=900/1300=0.69.
So, the supply is inelastic.
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