Price elasticity of supply is a measure of A
the total supply of a good or service at a specific price point and at a specific point in time.

B
the responsiveness of the quantity supplied of a particular good or service to a change in price.

C
the total supply for a good or service at a range of price points over a given period of time.

D
the responsiveness of the price of a particular good or service to a change in the quantity supplied.

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to