Price elasticity of supply is defined as A) the quantity ...

[danielfitts88]

Price elasticity of supply is defined as
 
  A) the quantity supplied divided by the quantity demanded.
  B) the change in the quantity supplied divided by the change in the quantity demanded.
  C) the percentage change in the quantity supplied divided by the percentage change in price.
  D) the percentage change in the quantity supplied divided by the percentage change in the quantity demanded.

Question 2

Refer to the scenario above. John should submit a bid of ________.
 
  A) 400
  B) 300
  C) 100
  D) 200

[Missbam101]

Answer to Question 1

C

Answer to Question 2

B

[danielfitts88]

Gracias!

[mcarey591]

Thanks for the timely response, appreciate it