Supply Is Unit Elastic When the

question 205

Multiple Choice

Supply is unit elastic when the

• A) supply curve is upward sloping.
• B) price elasticity of supply is positive.
• C) percentage change in the quantity supplied equals the percentage change in price.
• D) supply curve is horizontal.
• E) supply curve is vertical.

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Definitions:

Operating Activities

These are the day-to-day activities of a business that involve producing and selling goods or providing services, and include cash flows related to sales, expenses, and working capital.

Investing Activities

Investing Activities involve the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Financing Activities

Transactions and events where cash is raised or repaid to finance the company’s operations or investments, typically involving debt, equity, and dividends.

Comparative Balance Sheet

Financial statement presenting the financial position of an entity at different points in time, facilitating period-to-period comparisons.