If Price Equals $5 and Supply Is P = 2Q,the

question 15

Multiple Choice

If price equals $5 and supply is P = 2Q,the price elasticity of supply is

• A) perfectly elastic.
• B) elastic.
• C) 1.
• D) inelastic.
• E) perfectly inelastic.

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Definitions:

Net Cash

The amount of cash that is available after all debts and expenses have been paid.

Investing Activities

Transactions involving the acquisition or sale of long-term assets and other investments not included in cash equivalents.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Net Cash

The difference between a company's total cash inflows and cash outflows in a specific period.