If the Price Elasticity of Supply Is 1

question 55

Multiple Choice

If the price elasticity of supply is 1.5,and a price increase led to a 3% increase in quantity supplied,then the price increase is about

• A)0.2%.
• B)0.5%.
• C)2.0%.
• D)4.5%.

Gain knowledge on how to manage and categorize accounts using subaccounts.

Learn the various methods for backing up data in QuickBooks.

Comprehend the significance of selecting the correct start date in the Easy Step Interview setup process.

Identify key company information required during the setup process in QuickBooks.

---

Definitions:

Technical Skills

Specific abilities or knowledge related to the use of technology, machinery, software, or procedures, essential in various industries.

Entrepreneur

An individual who initiates, designs, and runs a new business venture, often taking on financial risks in the hope of profit.

Informal Tone

A casual or conversational style of communication, often characterized by personal pronouns, contractions, and direct address.

Business Messages

Communication conveyed through various channels that is intended for business purposes, such as emails, memos, reports, and presentations.