2186EconomicsMedium
A shift in supply will have more effect on price than quantity if?
AThe price elasticity of supply is – 3
BThe price elasticity of supply is – 2
CThe price elasticity of supply is infinity
DThe price elasticity of supply is – 0.2
Correct answer
A. The price elasticity of supply is – 3
Explanation
The correct answer is The price elasticity of supply is – 3.