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Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 9

9708Price elasticity of supply

What is price elasticity of supply?

  1. Athe change in the quantity supplied when a price changes
  2. Bthe change in the quantity supplied when demand changes
  3. Cthe comparison of the proportionate change in supply to the proportionate change in demand
  4. Dthe comparison of the proportionate change in supply to the proportionate change in price

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Correct answer: D. the comparison of the proportionate change in supply to the proportionate change in price

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