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:

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Cross-Cultural

Pertaining to or comparing the cultural norms, values, and practices of different societies or groups within societies.

Clinical Psychology

Clinical Psychology is a branch of psychology that focuses on diagnosing and treating mental, emotional, and behavioral disorders, involving both research and applied work in various settings.

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, significantly deviating from those accepted by the individual's culture.