If a 10 Percent Increase in Price Increases the Quantity

question 89

Multiple Choice

If a 10 percent increase in price increases the quantity supplied by 18 percent,the elasticity of supply is

• A)0.3.
• B)0.6.
• C)1.2.
• D)1.8.
• E)9.0.

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Definitions:

Negative Well-being

A state where an individual experiences more negative emotions and feelings than positive ones, impacting their mental health and overall satisfaction with life.

Resistant

The quality of not easily accepting or being open to change or new ideas.

Coverts

Individuals or actions involving concealed, secret, or disguised behaviors, often intended to avoid detection.

Resistant

The quality of being opposed to or defending against something, especially change or adverse conditions.