If the Price Elasticity of Supply Is 0

question 62

Multiple Choice

If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:

• A) rises by 7.5 percent.
• B) rises by 133 percent.
• C) falls by 7.5 percent.
• D) falls by 133 percent.

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Definitions:

Sexually Transmitted Disease

Infectious diseases primarily transmitted through sexual contact.

Prostitution

The practice of engaging in sexual activity in exchange for payment.

Professional Ideology

A set of beliefs or principles that guides the ethical and professional conduct of individuals within a certain occupation.

Sex Crimes

Illegal acts that are sexual in nature, including rape, sexual assault, and child molestation, among others.