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Question Practice

When calculating price elasticity of supply, what is the formula used?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

When calculating price elastic...

Single Answer MCQ
Q-00089588

When calculating price elasticity of supply, what is the formula used?

1

Percentage change in demand / percentage change in price

2

Percentage change in quantity supplied / percentage change in price

3

Percentage change in price / percentage change in quantity supplied

4

Change in total revenue / change in price

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