Suppose an Increase in World Demand for Potash (Used in the Production

question 109

Multiple Choice

Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price by 22 percent.Annual Canadian production increases by 33 percent.What is the elasticity of supply of Canadian potash?

• A)0.22
• B)0.33
• C)0.67
• D)1.0
• E)1.5

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Definitions:

Iliac Crest

The curved upper border of the ilium, the largest bone of the pelvis, serving as an attachment point for abdominal and thigh muscles.

Patellar Tendon

The tendon that connects the patella (kneecap) to the tibia (shinbone), playing a crucial role in the extension of the knee.

Distal Attachment

The site at which a muscle tendon connects to the bone that is farther from the center of the body or point of reference.

Tibial Tuberosity

A large protrusion on the anterior part of the tibia, where the patellar ligament attaches.