If the Price Elasticity of Supply for a Good Is

question 146

Multiple Choice

If the price elasticity of supply for a good is 0.75,then

• A) the percentage change in the quantity supplied is less than the percentage change in price.
• B) the supply is elastic.
• C) an increase in the price boosts the quantity supplied by a larger percentage.
• D) the supply is inelastic so the demand must also be inelastic.
• E) None of the above answers is correct.

---

Definitions:

Chloroplasts

Organelles found in plant cells and some algae that conduct photosynthesis, converting light energy, water, and carbon dioxide into oxygen and glucose.

Waxy Cuticle

A protective, hydrophobic layer found on the outer surface of plant leaves and stems, consisting mainly of waxes and lipids, which helps to reduce water loss.

Mesophyll

The inner tissue of a leaf, containing chloroplasts where photosynthesis takes place.

Epidermis

The outermost layer of cells in the skin, providing a waterproof barrier and creating our skin tone.