Use the Following Figure to Answer the Question

question 170

Multiple Choice

Use the following Figure to answer the question :

-The supply curve in the graph above is

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

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Definitions:

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, decay, or obsolescence.

Department Store

A retail establishment offering a wide range of consumer goods in different product categories known as "departments."

Profit Center

A department or unit within a company responsible for generating profits, with its performance measured based on its ability to produce excess revenue over expenses.

Controllable Revenues

Revenues earned by the profit center.