Suppose a Decrease in World Demand for Potash (Used in the Production

question 112

Multiple Choice

Suppose a decrease in world demand for potash (used in the production of fertilizer) decreases the price by 5 percent.Annual Canadian production decreases by 2 percent.What is the elasticity of supply of Canadian potash?

• A)0.2
• B)0.4
• C)0.5
• D)1.0
• E)2.5

---

Definitions:

Superficial Pectoral

Refers to the muscles located at the front of the chest, involved in the movement of the shoulders and arms.

Sartorius

The longest muscle in the human body, running down the length of the thigh; it helps in flexing, abduction, and lateral rotation of the hip.

Gracilis

A slender muscle in the inner thigh, contributing to the adduction of the hip and flexion of the knee.

Pectineus

A muscle in the upper thigh that helps in hip flexion and adduction, aiding in movements like walking and running.