Examlex

Solved

Which of the Following Websites Would Be the Least Effective

question 74

Multiple Choice

Which of the following websites would be the least effective choice to advertise their website and popularize it among students?


Definitions:

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.

Elasticity of Supply

An evaluation of the extent to which the amount of a good provided alters as a result of variations in its price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded.

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.

Related Questions