The Elasticity of Supply Is Defined as the ____ Change

question 241

Multiple Choice

The elasticity of supply is defined as the ____ change in quantity supplied divided by the ____ change in price.

• A)​total; percentage
• B)​percentage; marginal
• C)​marginal; percentage
• D)​percentage; percentage

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Definitions:

Electronic Form

Digital or electronic format of documents or data, enabling electronic handling, storage, and transfer.

Enforceable

Pertains to a contract or obligation that is legally binding and can be upheld in a court of law.

Parol

Oral or verbal evidence, not recorded in writing, used to explain the terms of a contract.

Both Parties

Referring to the two entities or individuals involved in an agreement, contract, or negotiation.