If the Price Elasticity of Supply Is 0

question 74

Multiple Choice

If the price elasticity of supply is 0.4,and a price increase led to a 5% increase in quantity supplied,then the price increase is about

• A)0.25%.
• B)1.2%.
• C)2%.
• D)12.5%.

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Definitions:

Problem-Focused Coping

A coping strategy aimed at addressing or changing the root cause of a stressor rather than simply alleviating its symptoms.

Major Source Of Conflict

The primary underlying reason or cause that leads to disagreements or disputes between entities or individuals.

Psychosocial Environment

The interplay between social, psychological, and environmental factors that influence an individual's mental well-being and behavior.

Hassles

Minor irritations or annoyances that, although not significantly distressing individually, can accumulate to cause stress.