The Emigration of Some of Whoville's Workers Reduces the Quantity

question 231

Multiple Choice

The emigration of some of Whoville's workers reduces the quantity of thingamabobs supplied at every price by 50.The new supply curve will ____ the old supply curve.

• A)be steeper and less elastic at every price than
• B)have the same slope and the same elasticity at every price as
• C)have the same slope and be more elastic at every price than
• D)More information is needed to predict the relationship between the elasticities of the two supply curves.

---

Definitions:

The Elderly

A term referring to older adults, typically people over the age of 65, often used in the context of discussing their health, social, and economic issues.

Leisure Activities

Activities engaged in for relaxation, amusement, or pleasure during free time.

Retirement

The period in an individual's life where they cease full-time employment, stepping back from their professional career.

Late Adults

Individuals in the final stage of life, often considered to be those 65 years and older, facing unique physical and mental health challenges.