When the Percentage Change in the Quantity Supplied Is Twice

question 81

Multiple Choice

When the percentage change in the quantity supplied is twice the percentage change in price, then supply is

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

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Exposure and Response Prevention

A behavioral therapy technique for treating anxiety disorders that involves exposing the patient to anxiety-inducing stimuli while preventing their habitual response to the anxiety.

Benzodiazepines

A class of psychoactive drugs used primarily for treating anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA in the brain.

Diazepam (Valium)

A medication belonging to the benzodiazepine class, commonly used to treat anxiety, muscle spasms, and seizures, as well as to provide sedation.