The information that is given by the price elasticity of supply of popcorn is that:
"How responsive sellers of popcorn are to changes in the price of popcorn."
- This is because Price elasticity of supply is the measure of the level of changes or sensitivities to the supply of a good or service after the market price of such good or service changes.
- The changes may be lower or higher.
- Thus, since it is about the supply, then it deals with suppliers or sellers.
- And since the good involved is popcorn, hence it deals with the price of popcorn.
Hence, in this case, the correct answer is option B. "How responsive sellers of popcorn are to changes in the price of popcorn."
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