If the Supply Curve Is Upward Sloping the Price Elasticity

question 2

Multiple Choice

If the supply curve is upward sloping the price elasticity of supply must be:

• A) Positive
• B) Greater than one
• C) Less than one
• D) Negative

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Definitions:

Deviant Behavior

Actions that violate societal norms or expectations, which can vary widely among different cultures and communities.

Subjective Experience

The personal and individual perception or feeling of an event or reality, influenced by personal biases, emotions, and mental state.

Deviant Person

An individual who engages in behavior that deviates from accepted societal norms, thus attracting social stigma or legal sanctions.

Positivist Perspective

A viewpoint in sociology that relies on positive facts and empirical evidence to understand and interpret social behaviors.