question archive Price elasticity of supply is calculated by dividing the percentage change in _____ by the percentage change in _____

Price elasticity of supply is calculated by dividing the percentage change in _____ by the percentage change in _____

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Price elasticity of supply is calculated by dividing the percentage change in _____ by the percentage change in _____.

Usually price elasticities of supply are _____ - higher prices are _____ quantities supplied.

Long-run curves are _____ elastic than short-run curves because the _____ the time allowed, the more resources can flow into or out of an industry when price changes.

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