A shift in supply will have more effect on price than quantity if ? – McqOptions

MCQOPTIONS

1.	A shift in supply will have more effect on price than quantity if ?
A.	The price elasticity of supply is – 3
B.	The price elasticity of supply is – 0.2
C.	The price elasticity of supply is – 2
D.	The price elasticity of supply is infinity
Answer» B. The price elasticity of supply is – 0.2

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