-The Table Above Gives Some Data on the Supply of Roses

question 14

Multiple Choice

-The table above gives some data on the supply of roses in a small town. When the price rises from
$15 a dozen to $25 a dozen, the elasticity of supply is

• A) 0.80.
• B) 5.00.
• C) 0.20.
• D) 1.25.

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Definitions:

Swings

Playground equipment consisting of a seat suspended by ropes or chains, used for moving back and forth.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens a behavior.

Nagging

Persistent and repetitive asking or demanding, often perceived as annoying or bothersome.

Positive Punishment

A concept in behaviorism where an undesirable behavior is followed by an unfavorable outcome or stimulus, with the intention of decreasing that behavior.