We expect the price elasticity of supply to be
A) negative.
B) positive.
C) between -1 and +1.
D) zero.

Name: We expect the price elasticity of supply to be A) negative. B) positive. C) between -1 and +1. D) zero.
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Question

Quizplus · Accepted Answer

The price elasticity of supply measures how much the quantity supplied of a good responds to a change in the price of that good. It is typically positive because, according to the law of supply, an increase in price leads to an increase in the quantity supplied.

We Expect the Price Elasticity of Supply to Be