As Price Elasticity of Supply Increases,the Supply Curve

question 47

Multiple Choice

As price elasticity of supply increases,the supply curve

• A)becomes flatter.
• B)becomes steeper.
• C)becomes downward sloping.
• D)shifts to the right.

---

Definitions:

Limited Liability Partnerships (LLPs)

A business structure where partners have limited personal liability for the debts of the partnership.

LLP Statute

A legal regulation that governs the formation, operation, and dissolution of Limited Liability Partnerships, addressing aspects like liability and tax treatment of partners.

RLLP

A Registered Limited Liability Partnership, a form of partnership in which some or all partners have limited liabilities, protecting them from certain types of legal action brought against the partnership.

Justinian Code

A collection of laws and legal interpretations developed under the sponsorship of the Byzantine emperor Justinian I.