If a Rise in the Price of Good a from $9

question 168

Multiple Choice

If a rise in the price of good A from $9 to $11 results in an increase in quantity supplied from 4,000 to 6,000 units, the elasticity of supply is

• A)0.5.
• B)0.8.
• C)1.0.
• D)2.0.
• E)20.0.

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Definitions:

Reaction

An activity in which reactants are processed and turned into different materials, which are identified as products.

Organic Product

A substance that originates from living entities or is produced through organic processes.

Reaction

A process in which substances, the reactants, transform into different substances, the products, through a chemical change.

Reaction

A process in which substances, the reactants, undergo chemical changes to form new substances, known as products.