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in Concept of Supply by (63.4k points)

The elasticity of supply is defined as the : 

(a) responsiveness of the quantity supplied of a good to a change in its price. 

(b) responsiveness of the quantity supplied of a good without change in its price. 

(c) responsiveness of the quantity demanded of a good to a change in its price. 

(d) responsiveness of the quantity demanded of a good without change in its price.

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(a) responsiveness of the quantity supplied of a good to a change in its price.

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