If a 30 Percent Change in Price Causes a 15

question 25

Multiple Choice

If a 30 percent change in price causes a 15 percent change in quantity supplied,then the price elasticity of supply is about

• A)0.5,and supply is elastic.
• B)0.5,and supply is inelastic.
• C)2,and supply is inelastic.
• D)2,and supply is elastic.

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Definitions:

Systolic Pressure

The pressure in the arteries when the heart beats and fills them with blood, the higher number in a blood pressure reading.

Left Ventricle

The chamber of the heart that receives oxygenated blood from the left atrium and pumps it out to the body through the aorta.

Diastolic Pressure

The blood pressure measured when the heart's chambers are refilling with blood, representing the lowest pressure in the cardiovascular system during the cardiac cycle.

Hypothalamic Response

The reaction of the hypothalamus, a region of the brain, to stimuli, influencing processes such as temperature regulation, hunger, thirst, and stress.