If the price of a commodity falls by 10% and,consequently,the quantity supplied decreases by 20%. What will be its price elasticity of supply?

If the price of a commodity falls by 10% and,consequently,the quantity

1.	If the price of a commodity falls by 10% and,consequently,the quantity supplied decreases by 20%. What will be its price elasticity of supply?
Answer» Es =% change in quantity/% change in price = 20%/ 10% = 2