4. price ____________ of supply shows how responsive producers are to price changes. elasticity inelasticity…
4. price ____________ of supply shows how responsive producers are to price changes. elasticity inelasticity interest point
Answer
Brief Explanations:
Price elasticity of supply measures the responsiveness of the quantity supplied of a good or service to a change in its price. Inelasticity refers to low responsiveness, interest is unrelated here, and point doesn't fit the context.
Answer:
A. elasticity