If for a Particular Market a Rise in Price from $10

question 16

Multiple Choice

If for a particular market a rise in price from $10 to $15 causes quantity supplied to increase from 3 million to 6 million units we can say that supply:

• A)is elastic
• B)is inelastic
• C)is perfectly inelastic
• D)is perfectly elastic
• E)has a price elasticity whose numerical value is exactly equal to one

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Definitions:

Spirochete

A long, flexible, helical bacterium. Compare with spirillum, vibrio, bacillus, and coccus.

Bacilli

Rod-shaped bacteria that are found in various environments, and can be either harmful or beneficial to humans and other organisms.

Vibrio

A spirillum (spiral-shaped bacterium) that is shaped like a comma. Compare with spirillum, spirochete, bacillus, and coccus.

Endospores

Resistant, dormant structures formed within some bacteria, enabling survival in harsh environmental conditions.