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Which of the Following Is Defined as the Percentage Change

question 12

Multiple Choice

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?


Definitions:

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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