If the Price Elasticity of Supply Is 1

question 9

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 is about

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

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Definitions:

Muscle Endurance

The ability of a muscle or group of muscles to perform repetitive contractions over a period of time without becoming fatigued.

Undue Fatigue

Excessive tiredness not proportionate to the activity level, often a sign of underlying health issues or overexertion.

Prolonged Period

An extended length of time, usually longer than typical or expected.

Dynamic Training

A form of exercise that involves movement and activities designed to improve strength, speed, and functional mobility through variable resistance.