The Price Elasticity of Supply Is Usually a Positive Number

question 92

Multiple Choice

The price elasticity of supply is usually a positive number because

• A)quantity supplied increases in response to income increases.
• B)quantity supplied increases in response to price increases.
• C)the quantity demanded usually rises when price falls and therefore suppliers would want to capitalize on this increase in demand.
• D)price rises when supply increases.

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Definitions:

Unresolved Anger

Persistent feelings of anger that have not been adequately addressed or resolved, potentially impacting mental health.

Somatization

The manifestation of psychological distress through physical symptoms that have no identifiable physical origin.

Hypochondriasis

A mental disorder characterized by excessive worry about having a serious illness, despite medical reassurance and a lack of significant physical symptoms.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, developed by Hans Selye.