If a 40% Change in Price Results in a 25

question 35

Multiple Choice

If a 40% change in price results in a 25% change in quantity supplied,then the price elasticity of supply is about

• A)0.63,and supply is elastic.
• B)0.63,and supply is inelastic.
• C)1.60,and supply is elastic.
• D)1.60,and supply is inelastic.

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Definitions:

Osteosarcoma

A type of bone cancer that typically starts in the long bones of the body, such as those in the arms or legs.

Primary Site

The original location where a disease, such as cancer, begins in the body.

Femur

The longest and strongest bone in the human body, located in the thigh, connecting the hip to the knee.

Home Health Agency

An organization that provides healthcare services to individuals in their residence.