Suppose You Observe That Minor Changes in Supply Seem to Cause

question 76

Multiple Choice

Suppose you observe that minor changes in supply seem to cause dramatic changes in price with only slight changes in the amount sold, you would conclude that

• A)demand is unit elastic.
• B)demand is inelastic.
• C)demand is elastic.
• D)demand is perfectly inelastic.

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Definitions:

Female

Relating to the sex that typically has the capacity for egg production in the context of reproductive roles.

Egalitarian Gender Roles

A social system or perspective where men and women are expected and encouraged to assume equal roles, responsibilities, and status in all spheres of life.

Generations

Categories of people born and living around the same time, shared experiences can lead to distinctive social characteristics and viewpoints.

Civil Rights Act of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, particularly in the areas of employment and public accommodation.