Question

define elasticity of
supply
​

Answer 1

Answer:

Hope this helps you.

Explanation:

The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price. 

Answer 2

Answer:

did you mean price elasticity of supply? if yes then here's your answer.

Explanation:

Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good willincrease when its price rises. Conversely, thesupply of a good will decrease when its price decreases.

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