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What Is the Correct Equation for Determining the Elasticity of Supply

Question 111

Multiple Choice

What is the correct equation for determining the elasticity of supply?


A) Percentage change in quantity demanded/percentage change in price
B) Percentage change in quantity demanded/percentage change in income
C) Percentage change in quantity supplied/percentage change in price
D) Percentage change in quantity supplied/percentage change in quantity demanded

Correct Answer:

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