If the Price Elasticity of Supply Is 0

question 20

Multiple Choice

If the price elasticity of supply is 0.8,and price increased by 5%,quantity supplied would

• A)increase by 4%.
• B)increase by 6.25%.
• C)decrease by 4%.
• D)decrease by 6.25%.

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Definitions:

Preschoolers

Young children typically between the ages of 3 and 5 years, who are in the developmental stage prior to entering formal schooling.

Language Skills

The abilities involved in the acquisition and use of language, including listening, speaking, reading, and writing.

Conversations

The informal exchange of ideas, information, and feelings between two or more people, using spoken words and non-verbal cues.

Telegraphic Speech

Telegraphic speech refers to the early form of sentence construction used by young children, where unnecessary words are omitted, resembling the succinct style of telegraphic messages.