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Economics
 Online Tutoring : Quiz : Economics
Elasticity of supply Check your score
  Play           Question 3 of 11 in this category.    

Elasticity of supply is the response of supply to a change in the price of a commodity. If the price rises, the amount supplied will normally be increased. The elasticity of supply is calculated using...
 
A.
 
Percentage change in quantity demanded
Percentage change in price
 
 
B.
 
Percentage change in price
Percentage change in quantity supplied
 
 
C.
 
Percentage change in quantity supplied
Percentage change in price
 
 
D.
 
Percentage change in price
Percentage change in quantity demanded
 
 

 
  * Quiz question created by Bemoney on 28 November 2005 at 2:22pm

 
 
 
 
 
 

 




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