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
B
Economics
You might also like to view...
In general, a society will benefit more, the more self-sufficient it is
a. True b. False
Economics
Fernando decides to buy more land for his avocado farm. Which of the following situations most likely triggered his decision?
a. an unreliable market b. a profitable market c. a stagnant market d. a declining market
Economics