If the Price Elasticity of Supply for Wheat Is Less

question 17

Multiple Choice

If the price elasticity of supply for wheat is less than 1,then the supply of wheat is

• A)inelastic.
• B)elastic.
• C)unit elastic.
• D)quite sensitive to changes in income.

---

Definitions:

Goals and Objectives

Targets and benchmarks that are set to guide actions and measure performance, often delineating the specific outcomes or achievements desired.

Job Satisfaction

The degree of satisfaction workers experience regarding their job, impacting their output and general health.

Absenteeism

The habitual non-presence of an employee at their job, which can adversely affect the operations and morale of a workplace.

Multiculturalism

The coexistence of diverse cultures, where culture includes racial, religious, or cultural groups and is manifested in customary behaviors, cultural assumptions, and values, patterns of thinking, and communicative styles.