The Law of Supply Suggests That the Price-Elasticity of Supply

question 83

Multiple Choice

The law of supply suggests that the price-elasticity of supply is

• A)positive.
• B)negative.
• C)always greater than 1.
• D)always less than 1.

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Definitions:

Communication Barrier

Any obstacle that impedes the flow of information between individuals or groups, making communication less effective.

Filtering

The process of selectively presenting information, often to remove or reduce the impact of potentially negative aspects.

Speedy Response

Prompt action or reply to inquiries, situations, or requirements.

Increased Expectation

The rising demands or standards one is expected to meet, often leading to added pressure.