How Is the Elasticity of Supply Defined

question 107

Multiple Choice

How is the elasticity of supply defined?

• A) the percentage change in quantity supplied divided by the percentage change in price
• B) the total change in quantity supplied divided by the percentage change in price
• C) the marginal change in quantity supplied divided by the percentage change in price
• D) the percentage change in quantity supplied divided by the marginal change in price

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Definitions:

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