Price elasticities of supply are always
A) equal to price elasticities of demand when the market is in equilibrium
B) negative
C) positive
D) greater than one
E) less than one

Question

Quizplus · Accepted Answer

Price elasticities of supply are always positive because as the price of a good increases, the quantity supplied generally increases, indicating a direct relationship between price and quantity supplied.

Price Elasticities of Supply Are Always