The cost elasticity of supply is a useful instrument for measuring
A.
profit
B.
productivity
C.
national income
D.
price index
Correct Answer: Option B
Explanation
The price/cost elasticity of supply measures the degree to which a change in price would affect the quantity of goods the producer is willing to produce and supply.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}