Price Elasticity of Supply

question 87

Multiple Choice

Price elasticity of supply:

• A) is the percentage change in the quantity supplied of a good or service divided by the percentage change in the price of the good or service.
• B) measures consumers' responsiveness to a change in price.
• C) is always a negative number.
• D) is the percentage change in the price of a good or service divided by the percentage change in the quantity supplied of the good or service.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the money received from the transaction.

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Dividend Paid

Dividend Paid signifies the actual distribution of a company's earnings to its shareholders in the form of cash, checks, or electronic transfers.

Commission Charges

Fees paid to brokers or agents for their services in facilitating transactions, typically a percentage of the transaction value.