Refer to the Accompanying Figure

question 12

Multiple Choice

Refer to the accompanying figure. If the price rises from $10 to $14, what will happen to the price elasticity of supply?

• A)It increases.
• B)It decreases.
• C)It stays the same.
• D)This cannot be determined from the information provided.

---

Definitions:

Training Techniques

Methods and strategies used to enhance skills and knowledge for professional development and efficiency.

Experienced Adversity

Having faced and overcome difficulties, challenges, or setbacks.

Higher Level

Refers to a more advanced, developed, or complex state or stage, often implying greater depth, sophistication, or authority.

Early Successes

Achievements or positive outcomes that occur at the beginning stages of a venture or project.