The price elasticity of an upward-sloping supply curve is always
A)positive.
B)negative.
C)greater than one.
D)impossible to determine.

Question

Quizplus · Accepted Answer

The price elasticity of supply measures the responsiveness of quantity supplied to a change in price. An upward-sloping supply curve indicates a positive relationship between price and quantity supplied, meaning that as price increases, quantity supplied also increases. Therefore, the price elasticity of an upward-sloping supply curve is always positive.

The Price Elasticity of an Upward-Sloping Supply Curve Is Always