Price Elasticity of Supply Page 1 of 1 When the price decreases by 3%, the quantity supplied decreases by 47% for a particular good. What is the numerical value of the price elasticity of supply? Round your answer to one decimal place, and don't forget to indicate the sign (positive or negative). A v In this case, we say that supply is: J (select) perfectly elastic relatively elastic unit elastic relatively inelastic Directions: Answer the questions a ation provided. perfectly inelastic