Measures reaction of quantity supplied to changes in price, as proport – McqOptions

MCQOPTIONS

1.	Measures reaction of quantity supplied to changes in price, as proportion change in quantity supplied persuades by a one percent alteration in price is
A.	price elasticity of supply
B.	price elasticity of demand
C.	elasticity
D.	law of marginal utility
Answer» B. price elasticity of demand

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