Elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by __________.

Percentage change in income

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Percentage change in quantity demanded of goods

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Percentage change in price

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Percentage change in taste and preference

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Solution

The correct option is D Percentage change in price
Es $= \frac{% Δ Q}{% Δ P}$ .
The elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by the Percentage change in price

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Q. Write True or False with a reason.
Price elasticity of supply measures the change in quantity supplied in response to a change in own price of the commodity.

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Elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by __________.

The correct option is D Percentage change in priceEs=%ΔQ%ΔP.The elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by the Percentage change in price

The correct option is D Percentage change in price
Es $= \frac{% Δ Q}{% Δ P}$ .
The elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by the Percentage change in price