Introduction to Economics 1 Deneme Sınavı Sorusu #721760

Which of the following is the definiton for price elasticity of supply?


the responsivesness of quantity supplied to changes in demand

the responsiveness of quantity supplied of a good to a change in price

the responsiveness of demand to income changes.

the responsiveness of demand to changes in price

the responsiveness of quantity demanded to supply


Yanıt Açıklaması:

The price elasticity of supply is a measure of the response of quantity supplied of  a good to a change in price. The correct answer is B.

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