When the Percentage Change in the Quantity Supplied Is Less

question 106

Multiple Choice

When the percentage change in the quantity supplied is less than the percentage change in price,the supply is

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

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Definitions:

Conditioned Stimulus

An originally neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response in classical conditioning.

Pavlov's Experiment

A foundational study in behavioral psychology that demonstrated classical conditioning through the use of dogs, a bell, and food.

Unlearned Response

A natural, instinctive reaction that does not require prior learning or experience to occur, such as a reflex.

Learned Response

Behaviors or skills that are acquired or modified through experience or conditioning.