The Correct Mathematical Statement of the Price Elasticity of Supply

question 20

Multiple Choice

The correct mathematical statement of the price elasticity of supply is ________,where P is the price of the good and Q is the quantity supplied.

• A) ( P/
• P)/( Q/
• B) ( Q/
• Q)/( P/
• C) P/ Q
• D) Q/ P
• E) ( P/
• P)/ Q

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