When price elasticity of supply is equal to 0.4, supply is said to be? By: Sunday|Published on: Jul 31|Categories: Economics WAEC| 0 comments A. inelastic B. elastic C. unitary elastic D. public utilities Correct Answer: Option A – inelastic Users Also Read These:If the quantity supplied of a commodity increases…If quantity supplied is constant irrespective of…Price elasticity of supply measures the…If the coefficient of price elasticity of supply is…The price elasticity of supply is?SEE ALSO All the following are the source of finance to a joint-stock company except?