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The Formula for the Elasticity of Supply Is

Question 131

Multiple Choice

The formula for the elasticity of supply 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 percentage change in quantity supplied divided by the percentage change in income.
D) The percentage change in price divided by the percentage change in quantity demanded.

Correct Answer:

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