If the Price Elasticity of Supply for a Good Is

question 66

Multiple Choice

If the price elasticity of supply for a good is 0.75, then

• A) the supply is elastic.
• B) the supply is inelastic so the demand must also be inelastic.
• C) an increase in the price boosts the quantity supplied by a larger percentage.
• D) the percentage change in the quantity supplied is less than the percentage change in price.
• E) None of the above answers is correct.

---

Definitions:

Cervix

The lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.

Ovulated Oocyte

A mature egg cell that has been released from an ovary during ovulation and is capable of being fertilized.

Uterine Tube

Also known as the fallopian tube, it is the path through which the ovum travels from the ovary to the uterus.

Lumen

The internal area of a hollow organ, like a blood vessel or the gut.