Supply Is Unit Elastic When the

question 16

Multiple Choice

Supply is unit elastic when the

• A) percentage change in the quantity supplied equals the percentage change in price.
• B) supply curve is upward sloping.
• C) supply curve is horizontal.
• D) supply curve is vertical.
• E) price elasticity of supply is positive.

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Definitions:

Temperament

A person's natural temperament or way of behaving and typical emotional reaction.

Rage

An intense, uncontrollable feeling of anger or frustration, often manifesting in aggressive behavior or emotional outbursts.

Frustration

An emotional response to opposition, related to anger and disappointment, that arises from the perceived resistance to the fulfillment of an individual's will or goal.

Temperament

The innate or genetically based aspect of an individual's personality, influencing behavior and emotional reactions from an early age.