If the Percentage Change in Quantity Supplied Is Smaller Than

question 14

Multiple Choice

If the percentage change in quantity supplied is smaller than the percentage change in price,supply is classified as

• A) perfectly inelastic.
• B) inelastic.
• C) unitary elastic.
• D) elastic.
• E) perfectly elastic.

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Definitions:

Changes In Sea Level

Variations in the global average sea level, typically caused by either thermal expansion of sea water as it warms or by the melting of ice over land.

Genetic Mutations

Changes in the DNA sequence of an organism's genome, which can lead to variation among species and individuals, with potential effects ranging from harmful to beneficial.

Fundamental Niche

The entire set of conditions under which an organism can survive and reproduce without the presence of competition or predators.