Assertion (A): Price elasticity of supply is usually positive.
Reason (R): Price and quantity supplied move in the same direction.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Both are true, and R explains A: same-direction changes give a positive ratio.

Concept: Sign of elasticity of supply
Typical timeTypical: 70 s
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The rule this testsPrice elasticity of supply

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Assertion (A): Price elasticity of supply is usually positive.Reason (R): Price and quantity supplied move in the same direction.

Explanation

Assertion (A): Price elasticity of supply is usually positive.
Reason (R): Price and quantity supplied move in the same direction.