You Are Told That a 5 Percent Increase in the Price

question 40

Multiple Choice

You are told that a 5 percent increase in the price of a good increases the quantity supplied by 10 percent after one month.Supply of this good is ________.This good is most likely produced using productive resources that are ________.

• A)inelastic;plentiful or easily obtained
• B)decreasing;unique or rare
• C)elastic;plentiful or easily obtained
• D)unit elastic;unique or rare
• E)elastic;unique or rare

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Definitions:

Organization's Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution.

Lack Of Resources

A situation where the necessary tools, materials, or assets are not available, potentially hindering achievement or progress.

Modified Routines

Adjustments or changes made to standard practices or procedures to improve efficiency, accommodate new conditions, or address emerging problems.

Hyper-Turbulent

Hyper-Turbulent describes situations or environments characterized by extremely high levels of change, unpredictability, and complexity.