Price Elasticity of Supply

Multiple Choice

Price elasticity of supply:

A) is the percentage change in the quantity supplied of a good or service divided by the percentage change in the price of the good or service.
B) measures consumers' responsiveness to a change in price.
C) is always a negative number.
D) is the percentage change in the price of a good or service divided by the percentage change in the quantity supplied of the good or service.