The price elasticity of supply measures how rev:a. easily labor and capital can be substituted for one another in the production process. b. responsive the quantity supplied of X is to changes in the price of X. c. responsive the quantity supplied of Y is to changes in the price of X. d. responsive quantity supplied is to a change in incomes.
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Home » Business » The price elasticity of supply measures how rev:a. easily labor and capital can be substituted for one another in the production process. b. responsive the quantity supplied of X is to changes in the price of X. c.