In Which of the Following Cases Would the Price Elasticity

question 13

Multiple Choice

In which of the following cases would the price elasticity of demand be expected to increase?

• A)The number of close substitutes for the good increases.
• B)The time period under consideration decreases.
• C)The cost of the good relative to total income decreases.
• D)The supply of the good increases.

---

Definitions:

African Slave Labor

The forcible employment of African people, primarily in the Americas, from the 16th to the 19th centuries, under conditions of slavery.

Plantation Labor

Work associated with the operation of large agricultural estates, often involving the cultivation of crops like cotton, sugar, and tobacco, historically reliant on slave or indentured labor.

Rice Cultivation

The agricultural process of growing rice as a crop, significant in many parts of the world for food production and economic activity.

South Carolina

A state in the southeastern region of the United States, known for its role in the American Civil War and as a site of significant historical events and cultural heritage.