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kykrilka [37]
3 years ago
7

The price elasticity of supply measures how responsive a. sellers are to a change in price. b. sellers are to a change in buyers

' income. c. buyers are to a change in production costs. d. equilibrium price is to a change in supply.
Business
1 answer:
laila [671]3 years ago
5 0

Answer:

a. sellers are to a change in price    

Explanation:

The price elasticity of supply measures the percentage change in quantity supplied with the percentage change in price

In mathematically,

Price elasticity of supply = (Percentage change in quantity supplied ÷  percentage change in price)

It shows a direct relationship between the quantity supplied and the price.

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