If a Small Percentage Increase in the Price of a Good

question 132

Multiple Choice

If a small percentage increase in the price of a good results in a rather large percentage increase in the quantity supplied of the good, supply is said to be

• A) vertical.
• B) relatively inelastic.
• C) relatively elastic.
• D) robust.

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Definitions:

Valuation Ratios

Ratios that assess the financial worth or valuation of a company by comparing its current share price to certain per-share financial metrics.

Financial Analysis

The evaluation of a company's financial statements to understand its performance, health, and valuation.

Sustainable Income

Income levels that can be maintained over time without depleting the resources or capabilities generating the income; often used in the context of environmental and social governance.

Financial Statement Analysis

The process of examining and analyzing a company's financial statements in order to make informed business and financial decisions.