If the Percentage Change in Price Is 10% and the Percentage

question 166

Multiple Choice

If the percentage change in price is 10% and the percentage change in quantity supplied is 5% then the supply for the good is

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

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Definitions:

Carrier

A company that provides services for the transport of goods or passengers, which can include freight companies, airlines, and telecommunications carriers.

Service Sweethearting

An unethical practice where an employee gives unauthorized benefits to a customer, such as discounts or free products.

Customer Satisfaction

The level of contentment a customer feels towards a company's product or service, often measured through feedback and surveys.

Unauthorized Free Products

Products distributed without official permission, often violating copyright or distribution agreements.