If a Tripling of Price Triples the Quantity of a Good

question 229

Multiple Choice

If a tripling of price triples the quantity of a good supplied, the price elasticity of supply is

• A)3
• B)300
• C)1
• D)-1
• E)-3

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Definitions:

Somnambulism

A disorder also known as sleepwalking, characterized by walking or performing other activities while not fully awake.

Stage III Sleep

A phase of deep non-REM sleep characterized by slow brain waves, important for physical recovery and growth.

Sleep Pattern

The natural or habitual timing, quantity, and quality of a person's sleep, including periods of REM and non-REM sleep.

Nighttime Sleep

The period of rest and recovery that occurs at night, considered crucial for physical and mental health.