If the Price of Cocoa Rises by 20 Percent, the Quantity

question 202

Multiple Choice

If the price of cocoa rises by 20 percent, the quantity supplied of cocoa rises by 4 percent. What is the elasticity of supply?

• A) 5
• B) 2
• C) 0.2
• D) 0.008

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Definitions:

Parenting Style

The manner in which parents raise their children, including disciplinary strategies, warmth and nurturance, and communication.

Behavioral Control

Strategies and techniques used to manage or guide an individual's behavior towards meeting certain standards or achieving specific goals.

Authoritarian

A rephrased definition: Describing a manner of governance or leadership that demands strict obedience and limits personal freedoms, often without consultation or input from those being led.

Withdrawn

A behavioral state or condition where an individual pulls back from social interactions and becomes internally focused, often as a response to stress or depression.