If the Elasticity of Supply of TV Sets Is Equal

question 86

Multiple Choice

If the elasticity of supply of TV sets is equal to 3, then a 10 per cent increase in the price of a TV will

• A) decrease the quantity supplied by 30.0 per cent.
• B) increase the quantity supplied by 30.0 per cent.
• C) increase the quantity supplied by 3.33 per cent.
• D) increase the quantity supplied by 0.33 per cent.

---

Definitions:

Social Conventions

Rules, norms, or standards that govern behaviors within a society or group, often unwritten and learned through social interaction.

Hegel

German philosopher known for his dialectical method and his contributions to metaphysics, morality, historiography, and the philosophy of history, art, and religion.

Memory Theory

A concept in philosophy and psychology that examines how memory operates in humans, including its processes, types, and the role it plays in forming personal identity.

Brain Transplant

A hypothetical medical procedure involving the transplantation of a human brain into a new body, not yet achieved or recognized in medical science.