The Supply of Paintings by Van Gogh Is Most Likely

question 111

Multiple Choice

The supply of paintings by Van Gogh is most likely to be

• A)of infinite elasticity because supply is limited
• B)of high elasticity because supply is limited
• C)elastic because the paintings are luxury goods
• D)inelastic because supply is limited
• E)unit elastic

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Definitions:

High-yield Crops

Agricultural plants that are bred or modified to produce a significantly higher amount of produce per acre compared to standard varieties.

Domesticating

Involves the process of adapting wild plants and animals for human use, making them more amenable to human control.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, contributing to a richer social fabric and promoting mutual understanding.

Migratory Practices

The habits or patterns of movement by people or animals from one location to another, often seasonally or as part of a recurring journey.