If the Price Elasticity of Supply Is 1

question 93

Multiple Choice

If the price elasticity of supply is 1.5,and a price increase led to a 1.8% increase in quantity supplied,then the price increase amounted to

• A) 0.67%.
• B) 0.83%.
• C) 1.20%.
• D) 2.70%.

---

Definitions:

Ego-Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to manage emotional conflict.

Conversion

The act of changing something into a different form or state, often used in contexts like energy conversion or data format conversion.

Dissociation

A psychological condition where a person experiences a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Compensation

Remuneration and other benefits received in exchange for services rendered or as part of employment.