When Quantity Supplied Is Not Very Responsive to a Change

question 344

Multiple Choice

When quantity supplied is not very responsive to a change in price, supply is

• A) elastic.
• B) unit-elastic.
• C) inelastic.
• D) income sensitive.

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Definitions:

Social Networks

Platforms or structures that connect individuals or organizations, allowing them to share information, interests, or activities.

Generational Differences

Refers to the variations in attitudes, values, and behaviors between individuals of different age groups, often identified by their generation, such as Baby Boomers, Gen X, Millennials, and Gen Z.

Social Networking

The use of internet-based platforms and websites to build social relationships with other users who share similar personal or professional interests.

Communicate

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.