The Supply of Product X Is Inelastic (But Not Perfectly

question 298

Multiple Choice

The supply of product X is inelastic (but not perfectly inelastic) if the price of X rises by

• A)4 percent and quantity supplied rises by 6 percent.
• B)7 percent and quantity supplied rises by 7 percent.
• C)12 percent and quantity supplied remains the same.
• D)5 percent and quantity supplied rises by 2 percent.

---

Definitions:

Comprehension

The ability to understand and process language or information, grasping the meaning of text, speech, symbols, or behavior.

Phonology

The branch of linguistics concerned with the systematic organization of sounds in languages.

Audition

The formal term for the sense of hearing, or the process by which sound waves are converted into neural signals that the brain interprets.

Underextension

The overly restrictive use of words, common in early language development, where a child uses a word only for a specific object rather than for all objects that belong to a particular category.