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if the percentage increase in the quantity supplied is greater than the percentage increase in the price the supply is what?
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if the percentage increase in the quantity supplied is greater than the percentage increase in the price the supply is what?

User Cmv
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It's the price elasticity of supply (PES or Es). If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.

User Ynka
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