The Percentage Change in the Quantity Supplied in Response to a Percentage

question 56

Multiple Choice

The percentage change in the quantity supplied in response to a percentage change in the price is known as the

• A) slope of the supply curve.
• B) excess supply.
• C) price elasticity of supply.
• D) All of the above.

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Definitions:

Automated Car Wash

A facility using machinery and automated processes to wash vehicles, often requiring minimal human intervention.