Which of the Following Is False

Multiple Choice

Which of the following is false?

A) ​The price elasticity of supply measures the sensitivity of the quantity supplied to the changes in the price of the good.
B) ​The price elasticity of supply is defined at the percentage change in the quantity supplied divided by the percentage change in price.
C) ​Goods with a supply elasticity that is greater than 1 are called relatively elastic in supply.
D) ​When supply is inelastic, a 1 percent change in the price of a good will induce a more than 1 percent change in the quantity supplied.