The Price Elasticity of Supply Is a Measure of the Extent

question 60

Multiple Choice

The price elasticity of supply is a measure of the extent to which the quantity supplied of a good changes when the

• A) cost of producing the product increases.
• B) quantity of the good demanded increases.
• C) supply increases.
• D) price changes.
• E) number of firms supplying the good changes.

---

Definitions:

Danazol

A synthetic steroid used in the treatment of endometriosis, fibrocystic breast disease, and hereditary angioedema.

Primary Dysmenorrhea

Painful menstruation that originates without an underlying disease, typically involving pelvic pain.

Endometriosis

A painful disorder in which tissue similar to the lining of the uterus grows outside the uterine cavity, leading to pain and possibly fertility problems.

Menarche

The occurrence of the first menstrual cycle in a female, marking the onset of reproductive capability.