If the Price Elasticity of Supply Is 0

question 182

Multiple Choice

If the price elasticity of supply is 0.8, and price increased by 21 percent, quantity supplied would

• A)increase by 26.25 percent.
• B)increase by 16.80 percent.
• C)decrease by 26.25 percent.
• D)decrease by 16.80 percent.

---

Definitions:

Australia

A country located in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.

Mentoring

Assigns early-career employees as protégés to more senior ones.

Senior Person

An individual who holds a higher position or rank within an organization, often associated with greater experience or tenure.

Early-Career Employee

An individual who is in the initial stages of their professional journey, often seeking to gain experience and establish themselves in their chosen field.