The More Elastic the Supply and the Demand Curves Are

question 12

Multiple Choice

The more elastic the supply and the demand curves are, the:

• A) smaller the shortage a price ceiling will create.
• B) greater the shortage a price ceiling will create.
• C) smaller the surplus a price ceiling will create.
• D) greater the surplus a price ceiling will create.

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Definitions:

Concentric Lamella

Circular layers of bony tissue that make up the osteon, the fundamental unit of compact bone, providing strength and resistance to bones.

Osteons

Also known as Haversian systems, cylindrical structures that contain a mineral matrix and living osteocytes, helping to give bone its strength and density.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

Osteoblasts

Bone-forming cells that synthesize the bone matrix and are responsible for bone growth and repair.