The Elasticity of Supply for a Given Commodity Is Calculated $\frac{\text { perentage change inquantity supplied}}{\text { percentage change in average household income}}$

Multiple Choice

The elasticity of supply for a given commodity is calculated as

A) $\frac{\text { perentage change inquantity supplied}}{\text { percentage change in average household income}}$
B) $\frac{\text { percentage change in quantity gupplied of one good }}{\text { percentage change in average price of a different good}}$
C) $\frac{\text {percentage change in quantity supplied }}{\text { perentage change in product price}}$
D) $\frac{\text { percent change in product rice}}{\text { percentage change in quantity supplied}}$
E) $\frac{\text {percentage change in quantity supplied }}{\text {percentage change in inputprices }}$