The Price Elasticity of Supply

Multiple Choice

The price elasticity of supply

A) is a number between 0 and 1.
B) measures the percent change in quantity supply as a result of a 1-percent change in price
C) measures the percent change in quantity supplied as a result of a 1-percent change in cost.
D) measures the shift in supply as the result of a price change
E) measures the movement of a supply curve along a fixed demand curve