If the Quantity Supplied of Candy Increases by 10% When

question 303

Multiple Choice

If the quantity supplied of candy increases by 10% when the price of candy increases by 20%, which of the following is true?

• A) Supply for candy is elastic, and price elasticity of supply = 2.0.
• B) Supply for candy is inelastic, and price elasticity of supply = 2.0.
• C) Supply for candy is elastic, and price elasticity of supply = 0.5.
• D) Supply for candy is inelastic, and price elasticity of supply = 0.5.

---

Definitions:

Dependency

A state in which an individual relies on someone or something for support or sustenance.

Depressant

A substance that slows the activity of the central nervous system and in sufficient dosages causes a reduction of tension and inhibitions.

Opioids

A class of drugs that include the illegal drug heroin, synthetic opioids such as fentanyl, and pain relievers available by prescription, often used for their pain-relieving properties.

Substance Use Disorder

A medical condition characterized by an uncontrollable use of substances despite the harmful consequences to one's health, social life, and responsibilities.