Supply Is Very Inelastic When

question 37

Multiple Choice

Supply is very inelastic when

• A)The quantity supplied changes little when the price increases.
• B)The quantity supplied changes a lot when price increases.
• C)The quantity supplied does not change at all when price increases.

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Definitions:

Pneumatic Tools

Tools powered by compressed air, used in various applications for their high power-to-weight ratio and simplicity.

Truck Service Shop

A facility specializing in the maintenance, repair, and various service requirements of trucks.

Lightweight

Describes objects or materials designed to be of lower weight to improve efficiency, performance, or ease of handling.

Radial Lines

Lines that radiate from a center point or axis, often used in design, drafting, and the description of circular motion paths.