The Price Elasticity of Supply Is 6

Multiple Choice

The price elasticity of supply is 6. This means that

A) a $10 increase in price would increase quantity supplied by 60.
B) a 10 percent increase in price would increase quantity supplied by 60 percent.
C) a 10 percent increase in quantity will occur when price increases by 0.6 percent.
D) a 10 percent increase in quantity will occur when price increases by 6 percent.