Suppose When the Price of Jean-Jackets Increased by 10 Percent

question 165

Multiple Choice

Suppose when the price of jean-jackets increased by 10 percent, the quantity supplied increased by 16 percent.Based on this information the price elasticity of supply of jean-jackets is

• A)0.625.
• B)6%.
• C)1.6.
• D)1.6%.

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Definitions:

Structural-functional Theory

A viewpoint in sociology that considers society as an intricate system in which its components cooperate to foster unity and steadiness.

Instrumental Role

A function or position assumed by an individual within a social setup focused on achieving practical goals and fulfilling needs.

Expressive Role

The role associated with emotional support, nurturing, and maintaining relationships within a family or social group.

Structural-functionalist

A sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability.