Which of the Following Represents a Price Elastic Supply

question 189

Multiple Choice

Which of the following represents a price elastic supply?

• A) The quantity demanded increases 18 percent as a result of a decrease in the price of 8 percent.
• B) The price rises by 8 percent causing the quantity demanded to fall by 10 percent.
• C) The quantity supplied increases by 21 percent as a result of an increase in the price of 12 percent.
• D) The price rises by 22 percent causing the quantity supplied to increase by 3 percent.