Examlex
Which of the following is defined as the percentage change in quantity supplied resulting from a 1% increase in the price of buying the good?
Ability
The possession of the means or skill to do something; often considered in economic terms as related to productivity and employment.
Effort
The use of physical or mental energy to accomplish a task or achieve a goal.
Chance
The occurrence of events in the absence of any obvious intention or cause.
Labor Unions
Organizations that represent the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.
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