Economics > 2016 > 11

WASSCE

Price elasticity of supply measures how responsive

A.
consumers are to a change in price
B.
sellers are to a change in buyers' income
C.
sellers are to a change in price
D.
buyers are to a change in income

Answer: C

To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.

Similar Questions

Practice with the best CBT software

Learn with innovative tools and excel in your forth-coming exam