The Percentage Change in the Quantity Supplied of a Good

question 154

Multiple Choice

The percentage change in the quantity supplied of a good or service when its price changes by one percent is:

• A) price elasticity of supply.
• B) price elasticity of demand.
• C) cross-price elasticity.
• D) income elasticity of supply.

---

Definitions:

Learning Theorist

A scholar who studies and develops theories on how individuals acquire knowledge, skills, and behaviors.

General Conclusions

Refers to the overall judgments, findings, or statements that can be drawn after reviewing and analyzing all components of a study, experiment, or analysis.

Learning Mechanism

involves the processes through which individuals acquire new information or skills, including habits, conditioning, and cognitive learning strategies.

Unconditioned Responses

Natural, automatic reactions to stimuli that occur without any prior learning or conditioning.