When the Percentage Change in the Quantity Supplied Is Twice

question 281

Multiple Choice

When the percentage change in the quantity supplied is twice the percentage change in price,then supply is

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

---

Definitions:

Retirement

The act of leaving one's job and ceasing to work, typically due to age or other personal reasons, often involving the receipt of a pension or other retirement benefits.

Carrying Value

The book value of an asset on a company's balance sheet, equal to its cost minus accumulated depreciation or amortization.

Carrying Value

The recorded cost of an asset in a company's books after adjusting for depreciation, amortization, or impairment costs.

Retirement

The act of leaving one's job and ceasing to work, typically due to reaching a certain age or health condition, often involving receiving pensions or retirement savings.