Elasticity of supply refers to the legree of responsiveness of upply of a commodity to changes

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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51. Elasticity of supply refers to the
degree of responsiveness of
supply of a commodity to changes
in its
A. O Demand
B. O Price
C. O Cost of production
D. O State of technology
Transcribed Image Text:51. Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its A. O Demand B. O Price C. O Cost of production D. O State of technology
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