Elasticity of Supply Will Increase When

question 33

Multiple Choice

Elasticity of supply will increase when

• A)the number of producers selling a product decreases.
• B)producers are given less time to respond to price changes.
• C)the number of consumers wanting to purchase a product increases.
• D)it becomes easier to substitute one factor of production for another in a manufacturing process.

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Definitions:

Same-Sex Couples

Romantic partnerships between individuals of the same sex.

Triangular Theory

A theory, often related to love or other complex emotions, that suggests such sentiments consist of three components: intimacy, passion, and commitment.

Companionate Love

The strong affection for those with whom our lives are deeply involved.

Intimacy And Commitment

Key components of love relationships, where intimacy involves feelings of closeness and attachment, and commitment refers to the decision to maintain that relationship over time.