If a 23 Percent Change in Price Results in a 21

Multiple Choice

If a 23 percent change in price results in a 21 percent change in quantity supplied, then the price elasticity of supply is about

A) 1.10, and supply is elastic.
B) 1.10, and supply is inelastic.
C) 0.91, and supply is inelastic.
D) 0.91, and supply is elastic.