The price elasticity of supply tends to be more inelastic as the firm’s production facility reaches maximum capacity

94) The price elasticity of supply tends to be more inelastic as the firm’s production facility reaches maximum capacity

Answer is:

the percentage change in the quantity demanded divided by the percentage change in income

the percentage change in income divided by the percentage change in the quantity demanded.

the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good.

the percentage change in price of a good divided by the percentage change in the quantity demanded of that good

Answer is:

Answer is:

Answer is:

Answer is: