The percentage change in price is 5 percent,while the price elasticity of supply is 0.The percentage change in quantity supplied
A) is 1.5 percent.
B) does not change.
C) is 2 percent.
D) is -3 percent.
E) is -7 percent.

Question

Quizplus · Accepted Answer

If the price elasticity of supply is 0, it means that the quantity supplied does not respond to changes in price. Therefore, the percentage change in quantity supplied is zero or does not change.

The Percentage Change in Price Is 5 Percent,while the Price