Long-Run Elasticity of Supply Is Defined as

question 21

Multiple Choice

Long-run elasticity of supply is defined as

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

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