If the Price of Cocoa Rises by 20 Percent, the Quantity

question 202

Multiple Choice

If the price of cocoa rises by 20 percent, the quantity supplied of cocoa rises by 4 percent. What is the elasticity of supply?

• A) 5
• B) 2
• C) 0.2
• D) 0.008

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Definitions:

Paul Ekman

A psychologist known for his research on the relationship between emotions and facial expressions, particularly in identifying universal emotions.

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