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%.

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Definitions:

Stability

In psychological terms, stability refers to the consistency of individual differences over time in aspects of personality, intelligence, or behavior.

Broader Personality Factor

A term possibly referring to overarching dimensions of personality, such as those described in trait theory, which include broad traits like extraversion or agreeableness.

Psychologically Well Adjusted

A state in which an individual demonstrates emotional stability, resilience, and a positive sense of well-being.

Religious

Pertaining to or connected with a belief in, or the worship of, a higher unseen power or deity, often involving specific rituals and practices.