5-4 vocabulary jw Word Scramble
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| Question | Answer |
| A change in price leasds to a relatively smaller change in quantity supplied. | Inelastic Supply |
| A measure of how responsive producers are to price changes in the marketplace. | Elasticity of Supply |
| Price and quantity supplied change by exactly the smae percentage. | Unit elastic supply |
| What are two factors affect supply? | 1. Ease of changing production to respond to price change. 2.Available resources |
| A change in price lesds to a relatively larger change in quantity supplied. | Elastic supply |
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joannw15
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