If the Quantity Supplied and the Price Change by the Same

question 286

Multiple Choice

If the quantity supplied and the price change by the same percentage,then supply is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly elastic.
• E) perfectly inelastic.

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Definitions:

Mechanical Overload

A condition where a machine or its components are subjected to forces beyond their design limits, potentially causing damage.

Overload

A condition where equipment or a circuit carries more current than it is designed to handle, potentially causing damage or overheating.

Lower Intensity

A term referring to reduced strength or magnitude, often used in the context of light, sound, or magnetic fields.

Current Condition

The present status or state of a system, reflecting its operating conditions, performance levels, and overall health.