If, for a Given Percentage Increase in Price, Quantity Supplied

question 67

Multiple Choice

If, for a given percentage increase in price, quantity supplied increases by a proportionately larger percentage, then supply is

• A)unit elastic.
• B)perfectly elastic.
• C)relatively inelastic.
• D)elastic.

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Definitions:

Triracial Stratification

A social division and hierarchy that recognizes three distinct racial groups, each with different levels of access to resources and social status.

Intermediary Racial Group

Socially defined racial categories that fall between traditional racial binaries, often based on perceived socio-political and cultural characteristics.

Ambiguity

The quality of being open to more than one interpretation; uncertainty or vagueness in meaning.

Symbolic Ethnicity

A form of ethnicity where individual identity is rooted in cultural heritage and symbols rather than in the practices, traditions, and customs of their ancestors.