An Increase in the Price of T-Shirts from $20 to $25

question 14

Multiple Choice

An increase in the price of T-shirts from $20 to $25 causes an increase in the quantity supplied of T-shirts from 12,000 to 14,000.Then:

• A) The demand is elastic
• B) The demand is inelastic
• C) The supply is elastic
• D) The supply is inelastic
• E) The supply is unit elastic

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Definitions:

Environmental Factors

External elements that influence living organisms, including climate, terrain, water, nutrients, predators, and competitors.

Spicules

Slender skeletal spikes made of calcium carbonate or silica; found in sponges and some other animals.

Amoeboid Cells

Cells that move or feed by forming extensions of their cytoplasm called pseudopodia, typical of amoebas.

Sponges

Simple aquatic animals belonging to the phylum Porifera, characterized by their porous bodies through which water flows.