Supply Is Said to Be ____ When the Quantity Supplied

question 34

Multiple Choice

Supply is said to be ____ when the quantity supplied is very responsive to changes in price.

• A)​independent
• B)​inelastic
• C)​unit elastic
• D)​elastic

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Definitions:

Original Investment

The initial amount of money invested in a business or project.

Venture Capitalists

Investors who provide capital to startups and early-stage companies with high-growth potential in exchange for equity or an ownership stake.

Ventures

Refers to new business activities or projects that involve risk but have the potential for significant reward.

Acquisitions

The act of acquiring control of a company by another company through purchasing a majority stake or its entirety.