The Law of Supply Indicates That the Price-Elasticity of Supply

question 282

True/False

The law of supply indicates that the price-elasticity of supply coefficient would have a negative sign.

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Definitions:

Photosynthetic

The process by which green plants, algae, and some bacteria convert light energy into chemical energy stored in glucose or other sugars.

Protists

Eukaryotic organisms that may be unicellular, colonial, or simple multicellular; for example, algae, amoebas, ciliates, and slime molds.

Fungi

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Evolution

The change in the genetic composition of a population over successive generations, often leading to the development of new species.