Question: 10 The supply function of good X is given by the equation Qs = 10Px where Px is the price of the good and Qs

10 The supply function of good X is given by the

10 The supply function of good X is given by the equation Qs = 10Px where Px is the price of the good and Qs is the quantity supplied. What can be deduced from the equation about the elasticity of supply of good X? A It is equal to 0.0. B It is equal to 0.1. C It is equal to 1.0. D It is equal to 10.0. C

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