Which of the Following Statements About the Price Elasticity Ofsupply

question 34

Multiple Choice

Which of the following statements about the price elasticity ofsupply for slaves is correct?

• A)When the supply curve is more elastic every slave bought by the redeemers is one fewer slave held in captivity.
• B)When the supply curve is perfectly inelastic every slave bought by the redeemers is one fewer slave held in
• Captivity.
• C)When the supply curve is less elastic every slave bought by the redeemers is one additional enslaved person.
• D)When the supply curve is more inelastic every slave bought by the redeemers is one additional enslaved person.

---

Definitions:

Education Expenses

Costs associated with education, such as tuition fees, textbooks, and other school-related expenses, which may be eligible for tax deductions or credits.

Elderly

A categorical term used to describe individuals who are advanced in age, typically those who are aged 65 or older.

Taxpayer's Base

The foundation of assets or amounts from which a taxpayer can deduct losses or upon which taxes are assessed.

American Opportunity Tax

A credit offered to eligible students for education expenses paid for the first four years of higher education, enhancing educational tax benefits.