If the Price Elasticity of Supply for a Good Is

question 210

Multiple Choice

If the price elasticity of supply for a good is 10,then supply is

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

---

Definitions:

Situational Factors

External influences that can affect an individual's behavior and decisions in a given context.

Dispositional Factors

Internal characteristics or attributes of individuals that influence their behavior and attitudes.

Self-serving Bias

A cognitive bias that leads individuals to attribute their successes to internal factors and their failures to external factors.

Positive Self-image

An individual's perception of themselves in a favorable or uplifting manner, contributing to confidence and self-esteem.