If the Percentage Change in Quantity Supplied Is 10% and the Percentage

question 167

Multiple Choice

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

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

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Definitions:

Microorganisms

Tiny living organisms, often microscopic, including bacteria, viruses, fungi, and protozoa, that can be found in almost all environments on Earth.

Lacteals

Specialized lymphatic capillaries located in the villi of the small intestine, which absorb dietary fats and transport them to the circulatory system.

Lipids

A group of naturally occurring molecules including fats, waxes, and vitamins, essential for energy storage and cell structure.

Digestive Tract

The series of organs in the digestive system through which food passes, nutrients are absorbed, and waste is eliminated; starting from the mouth and ending at the anus.