The Price Elasticity of Supply

question 88

Multiple Choice

The price elasticity of supply

• A)is a number between 0 and 1.
• B)measures the percent change in quantity supply as a result of a 1-percent change in price
• C)measures the percent change in quantity supplied as a result of a 1-percent change in cost.
• D)measures the shift in supply as the result of a price change
• E)measures the movement of a supply curve along a fixed demand curve

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