The Price Elasticity of Supply at a Point Is

question 94

Multiple Choice

The price elasticity of supply at a point is:

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

---

Definitions:

Accumulated

The total amount collected or gathered over a period, often referring to earnings, benefits, or other financial measures.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Capital Account

An account on a national or international level showing the net change in asset ownership for a country, or on a company level, it represents the funds contributed by owners plus retained earnings.

Closed

Closed refers to the status of an account, position, or transaction that has been settled or concluded, with no further action or activity pending.