If the Percentage Change in Quantity Supplied Is 0% and the Percentage

question 33

Multiple Choice

If the percentage change in quantity supplied is 0% and the percentage change in price is 5% then the good is

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

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Definitions:

Advantages

Benefits or favorable aspects that contribute to achieving goals or provide a competitive edge.

Television

A device that receives broadcast signals and converts them into images and sound.

Radio

A technology for the transmission of audio data and signals through electromagnetic waves, enabling broadcasting to a wide audience.

Sales Promotion

Sales promotion refers to a variety of marketing strategies designed to stimulate short-term consumer demand for a product or service and encourage sales.