The Price Elasticity of Supply Is Usually a Positive Number

question 111

Multiple Choice

The price elasticity of supply is usually a positive number because:

• A)quantity supplied increases in response to income increases.
• B)quantity supplied increases in response to price increases.
• C)the quantity demanded usually rises when price falls, and therefore suppliers would want to capitalise on this increase in demand.
• D)price rises when supply increases.

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Definitions:

Three Step Process

A general sequence of three stages or actions undertaken to achieve a particular outcome or solve a problem.

Psychotherapy

A therapeutic treatment method involving psychological techniques to help people overcome mental health issues, behavioral problems, or emotional difficulties.

Computer-Based Therapy

A therapeutic approach that uses digital platforms and software applications to deliver psychological support and interventions.

Modality of Therapy

Refers to the various forms and methods of psychological treatment, such as cognitive-behavioral therapy, psychoanalysis, or group therapy.