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The price elasticity of supply measures how responsive a. sellers are to a change in price. b. sellers are to a change in buyers' income. c. buyers are to a change in production costs. d. equilibrium price is to a change in supply.

Respuesta :

Answer:

a. sellers are to a change in price    

Explanation:

The price elasticity of supply measures the percentage change in quantity supplied with the percentage change in price

In mathematically,

Price elasticity of supply = (Percentage change in quantity supplied ÷  percentage change in price)

It shows a direct relationship between the quantity supplied and the price.

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