question archive If price elasticity of supply is greater than 1, it means that the percentage change in quantity supplied is: a) equal to the absolute change in price
If price elasticity of supply is greater than 1, it means that the percentage change in quantity supplied is: a) equal to the absolute change in price
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If price elasticity of supply is greater than 1, it means that the percentage change in quantity supplied is: a) equal to the absolute change in price.; b) greater than the absolute change in price.; c) less than the percentage change in price.; d) greater than the percentage change in price.
Option 1
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