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The Elasticity of Supply for a Given Commodity Is Calculated  perentage change inquantity supplied percentage change in average household income\frac{\text { perentage change inquantity supplied}}{\text { percentage change in average household income}}

Question 41

Multiple Choice

The elasticity of supply for a given commodity is calculated as


A)  perentage change inquantity supplied percentage change in average household income\frac{\text { perentage change inquantity supplied}}{\text { percentage change in average household income}}
B)  percentage change in quantity gupplied of one good  percentage change in average price of a different good\frac{\text { percentage change in quantity gupplied of one good }}{\text { percentage change in average price of a different good}}
C) percentage change in quantity supplied  perentage change in product price\frac{\text {percentage change in quantity supplied }}{\text { perentage change in product price}}
D)  percent change in product rice percentage change in quantity supplied\frac{\text { percent change in product rice}}{\text { percentage change in quantity supplied}}
E) percentage change in quantity supplied percentage change in inputprices \frac{\text {percentage change in quantity supplied }}{\text {percentage change in inputprices }}

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