If the coefficient of price elasticity of supply is greater than one, the supply is said to be
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
If a price elasticity of supply is greater than 1, it means supply is relatively or fairly elastic
If a price elasticity of supply is greater than 1, it means supply is relatively or fairly elastic