If the price elasticity of supply is greater than one,this means that the
A) change in quantity supplied is greater than the change in price.
B) percentage change in quantity supplied is greater than the change in price.
C) percentage change in quantity supplied is greater than the percentage change in price.
D) percentage change in quantity supplied is less than the percentage change in price.
E) change in quantity supplied is less than the change in price.
Correct Answer:
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