Answer:
The price elasticity of supply of the video game is +6
Explanation:
Price elasticity of supply is used to show the responsiveness of the quantity of goods supplied by a producer to the changes in price. It essentially tells the ratio of the change in quantity supplied to the change in price. In reality, the Price elasticity of supply (PES) is never negative, but can be zero; perfectly inelastic to an infinity value; perfectly elastic.
mathematically, it is represented as;
PES = (% change in supply) ÷ (% change in price)
∴ PES = 60 ÷ 10 = 6 or +6
