The supply function for a good can be written as Q = 2P + 10, where Q is the quantity supplied in kilos and P is the price per kilo in dollars.
The price falls from $15 to $10 per kilo.
The value of price elasticity of supply for this price change lies in a range from
1 )
$\frac{1}{6}$ to $\frac{1}{4}$
2 )
$\frac{3}{8}$ to $\frac{1}{2}$
$\frac{2}{3}$ to $\frac{3}{4}$
4 )
$1\frac{1}{4}$ to $1\frac{1}{2}$
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