If the Price Elasticity of Supply Is 0

question 20

Multiple Choice

If the price elasticity of supply is 0.8,and price increased by 5%,quantity supplied would

• A)increase by 4%.
• B)increase by 6.25%.
• C)decrease by 4%.
• D)decrease by 6.25%.

---

Definitions:

Agora

In ancient Greece, a central public space in city-states used for assemblies and markets; often considered the heart of social life.

Ancient Greece

A civilization belonging to a period of Greek history that lasted from the Dark Ages to the end of antiquity (circa 600 AD).

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive psychological questionnaire designed to assess a variety of psychological conditions.