(Answered)-If the price elasticity of supply is +2, what will happen to the - (2025 Updated Original AI-Free Solution

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Question

If the price elasticity of supply is +2, what will happen to the quantity supplied with an increase in price of 10%?

a) An increase in price by 10% increases the quantity supplied by 20%

b) An increase in price by 10% decreases the quantity supplied by 20%

c) An increase in price by 10% decreases the quantity supplied by 2%

d) An increase in price by 10% increases the quantity supplied by 2%