If a 30 Percent Change in Price Causes a 15

question 75

Multiple Choice

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

• 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.

---

Definitions:

Reflexive Listening

A communication technique where the listener focuses on understanding the speaker's message and reflects back the understanding.

Attending

The act of being present or paying close attention to something, often used in the context of listening actively in communication.

Listening Process

The active engagement in receiving and understanding messages during communication.

Compete

To strive against others for the purpose of achieving a goal or winning a contest.