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

Price elasticity of supply — practice question

Which statement most accurately describes what price elasticity of supply means?

  • Ahow much price changes when there has been a change in supply
  • Bhow much supply changes when there is a change in demand
  • Chow much supply changes when there is a change in price
  • Dhow much supply changes when there is a change in the price of a substitute

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