Which Statement Is NOT True About the Elasticity of Supply

question 101

Multiple Choice

Which statement is NOT true about the elasticity of supply?

• A) Elasticity of supply cannot be a negative number.
• B) A unitary elastic supply curve crosses the origin (0, 0) on a graph.
• C) Elasticity of supply measures the percent change in quantity supplied over the percent change in price.
• D) Elasticity of supply tends to fall as companies have more time to adjust their production methods.

---

Definitions:

Considerable Power

Significant influence or control over situations, decisions, or other people often evident in leadership or hierarchical positions within organizations.

Figurehead

A person holding a position of nominal leadership but with limited actual authority, often symbolic in nature.

Impression Management

entails the process by which individuals attempt to control or influence the perceptions others have of them, often through strategic self-presentation and social behavior.

Leader-Member Exchange

A theory focusing on the two-way (dyadic) relationship between leaders and followers, emphasizing the significance of that relationship in organizational dynamics.