Elasticity of Supply Is

question 99

Multiple Choice

Elasticity of supply is

• A)the responsiveness of supply to changes in costs.
• B)the percentage change in quantity supplied due to a percentage change in price.
• C)the responsiveness of the price to changes in supply.
• D)1 minus the elasticity of demand.
• E)the change in quantity supplied due to a change in quantity demanded.

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