When the Percentage Change in the Quantity Supplied Equals the Percentage

question 38

Multiple Choice

When the percentage change in the quantity supplied equals the percentage change in price,the supply is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly elastic.
• E) perfectly inelastic.

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Definitions:

Continuing Operations

Parts of a business expected to continue operating and contributing to earnings over the long term, excluding any discontinued operations.

Discount Rate

The interest rate used to discount future cash flows of an investment to their present value, thereby assessing its attractiveness.

Financial Attribute

Characteristics or features of a financial nature that can be used to analyze or assess the financial position or performance of an entity.

Business Valuation

The process of determining the economic value of a business or company unit, based on analysis of the company's financial performance and market position.