Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

What information is required to calculate the price elasticity of supply of a product when its price changes?

  • Athe amount of the price change; the quantity demanded at the original price; the quantity supplied at the new price
  • Bthe equilibrium market price; the quantity demanded at equilibrium; the quantity supplied at equilibrium
  • Cthe original and new market price; the quantity supplied at the original price; the quantity supplied at the new price
  • Dthe quantity demanded at the new price; the price change; the quantity supplied at the new price

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