The price elasticity of supply is the ________.

Question

Quizplus · Accepted Answer

Price elasticity of supply measures the percentage change in quantity supplied due to a percentage change in price. Therefore, option D is the correct answer. Option A is incorrect because it refers to a fixed price, not a measure of elasticity. Option B is incorrect because it refers to a change in price resulting from a change in quantity supplied, which is not relevant to the concept of elasticity of supply. Option C is incorrect because it doesn't specify that the change in price is in relation to a change in quantity supplied.

The Price Elasticity of Supply Is the ________