# If a 4% increase in price leads to a increase in the quantity supplied of 8% ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: If a 4% increase in price leads to a increase in the quantity supplied of 8% ? Correct Answer: A. Supply is price elastic. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# If a 4% increase in price leads to a increase in the quantity supplied of 8% ?

Direct Answer & Quick Reference

The correct option is **A. Supply is price elastic**.

A. Supply is price elastic **(Correct Answer)**

B. Supply is income elastic

C. Price elasticity of demand is -2

D. Price elasticity of supply is -2

✨ Explain with AI

Verified Key: A. Supply is price elastic
Solved by 3,218+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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