If an Increase in Price from $1 to $2 Per

question 57

Multiple Choice

If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units,then the value of the price elasticity of supply is _____

• A)0.38.
• B)2.
• C)2.67.
• D)4.
• E)8.

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Definitions:

Pueblos

Indigenous communities in the Southwestern United States known for their unique adobe dwellings and cultural traditions.

Sixteenth Century

The period from 1501 to 1600 in the Common Era, marked by significant events like the Protestant Reformation and the voyages of discovery that led to the colonization of the Americas.

Spanish Colonization

Spanish Colonization refers to the period during which Spain expanded its territories in the Americas, the Caribbean, and the Pacific, imposing its culture, religion, and governance structures on indigenous populations.

Indian Civilizations

Ancient societies originating from the Indian subcontinent, characterized by cultural, scientific, and architectural achievements.