Answer:
Using the formula for price elasticity of supply:
Price Elasticity of Supply = (% change in quantity supplied) / (% change in price)
First, calculate the percentage change in quantity supplied:
% change in quantity supplied = ((10,000 - 5,000) / 5,000) * 100
% change in quantity supplied = (5,000 / 5,000) * 100
% change in quantity supplied = 100%
Next, calculate the percentage change in price:
% change in price = ((20 - 15) / 15) * 100
% change in price = (5 / 15) * 100
% change in price = 33.33%
Now, use the formula to calculate the price elasticity of supply:
Price Elasticity of Supply = (100% / 33.33%)
Price Elasticity of Supply = 3.00
Therefore, the price elasticity of supply is 3.00.