If the Percentage Increase in the Quantity Supplied Is Greater

question 49

Multiple Choice

If the percentage increase in the quantity supplied is greater than the percentage increase in the price, the supply:

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

---

Definitions:

Tradition

The transmission of customs or beliefs from generation to generation, or the fact of being long-established.

Oxytocin Receptors

Proteins located on the surface of cells that bind oxytocin, a hormone involved in a variety of processes including labor, social bonding, and stress reduction.

Dominant Male

The member of a male-dominated society or group who has the highest rank, strength, or power.

Fertile Females

Female individuals of reproductive age who are capable of conceiving and bearing offspring.