A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2016 · Q91 Mark
What is price elasticity of supply?
Athe change in the quantity supplied when a price changes
Bthe change in the quantity supplied when demand changes
Cthe comparison of the proportionate change in supply to the proportionate change in demand
Dthe comparison of the proportionate change in supply to the proportionate change in price
✓ Correct answer
D: the comparison of the proportionate change in supply to the proportionate change in price
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