If the Supply of a Good Is Relatively Elastic, Changing

question 118

Multiple Choice

If the supply of a good is relatively elastic, changing the price causes:

• A) a relatively small change in the amounts that buyers are willing to buy
• B) a relatively small change in the amounts sellers are willing to sell
• C) a relatively large change in the amounts sellers are willing to sell
• D) no change in the amounts sellers are willing to sell

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Definitions:

Gantt Chart

A visual project management tool that depicts a project schedule, showing the start and finish dates of the various required elements or tasks.

Planned Progress

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