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The price elasticity of supply is equal to the change in quantity supplied divided by the change in price. the value of the slope of the supply curve. the percentage change in price divided by the percentage change in quantity supplied. the percentage change in quantity supplied divided by the percentage change in price.

Respuesta :

Answer:

The answer is option D. the percentage change in quantity supplied divided by the percentage change in price.

Explanation:

Price elasticity of supply is the degree of responsiveness of quantity  supplied to changes in price of that same commodity.  

Price elasticity of supply can be elastic, inelastic, perfectly elastic, perfectly inelastic.

Price elasticity of supply can be calculated by the formula below:

%Δin Quantity supplied ÷   %Δin price  

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