allisonchorath3657 allisonchorath3657
  • 26-07-2017
  • Business
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The price elasticity of supply measures how responsive

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Erudite1
Erudite1 Erudite1
  • 01-08-2017
The price elasticity of supply measures how responsive the quantity supplied of a product is to a change in price. It is calculated by dividing the percentage change in quantity supplied by the percentage change in price. 
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