If the Price of a A Good Increases by 10

question 150

Multiple Choice

If the price of a a good increases by 10 percent and the quantity supplied increases by 5 percent,then the elasticity of supply is

• A) greater than one and supply is elastic.
• B) negative and supply is inelastic.
• C) less than one and supply is elastic.
• D) less than one and supply is inelastic.
• E) greater than one and supply is inelastic.

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Definitions:

Intrusive Thoughts

Unwelcome, involuntary thoughts, images, or unpleasant ideas that may become obsessions, are upsetting or distressing, and can be difficult to manage or eliminate.

Obsession

Persistent, intrusive, and unwanted thoughts or impulses that cause distress or anxiety.

Contamination

The presence of unwanted substances or impurities in a material, environment, or organism, leading to possible harm.

Anxiety

A sense of agitation, nervous tension, or unease, commonly about a forthcoming occurrence or something with an unknown conclusion.