The Formula for the Elasticity of Supply Is

question 131

Multiple Choice

The formula for the elasticity of supply is

• A)The percentage change in quantity supplied divided by the percentage change in price.
• B)The percentage change in price divided by the percentage change in quantity supplied.
• C)The percentage change in quantity supplied divided by the percentage change in income.
• D)The percentage change in price divided by the percentage change in quantity demanded.

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