Scenario 5-3 Suppose That the Supply of Aged Cheddar Cheese Is Inelastic,and

question 2

Multiple Choice

Scenario 5-3
Suppose that the supply of aged cheddar cheese is inelastic,and the supply of bread is elastic.Both goods are considered to be normal goods by a majority of consumers.Suppose that a large income tax increase decreases the demand for both goods by 10%.
-Refer to Scenario 5-3.The price elasticity of supply for bread could be

• A)-1.
• B)0.
• C)0.5.
• D)1.5.

---

Definitions:

Comparator Function

A mechanism or process that compares two values or inputs, often used in electronics, computing, and regulatory processes to maintain a desired state.

Proprioceptors

Sensory receptors located in muscles and tendons that sense the position and movement of the body parts.

Pacinian Corpuscles

Sensory receptors that detect mechanical changes and vibrations, contributing to the sensation of touch and pressure.

Ruffini End Organs

Sensory receptors within the skin that respond to stretch and twisting, contributing to the sense of body position and touch.