When Economists Say the Price Elasticity of Supply Is Elastic

question 200

Multiple Choice

When economists say the price elasticity of supply is elastic, they mean that

• A) suppliers are willing to produce much larger amounts of their good.
• B) suppliers are willing to produce only a small amount more of their good.
• C) consumers are willing to purchase much larger quantities of the good.
• D) the change in quantity supplied is relatively small compared to the change in price.

---

Definitions:

Transverse Arch

A type of foot arch that runs across the midfoot, providing stability and support.

Soft Tissue

Refers to tissues that connect, support, or surround other structures and organs of the body, not including bones.

Bony Feature

Distinctive skeletal structures or characteristics that are made of bone tissue.

Vertebra Prominens

The seventh cervical vertebra (C7) characterized by its long and prominent spinous process.