Supply Is Unit Elastic When the

question 205

Multiple Choice

Supply is unit elastic when the

• A) supply curve is upward sloping.
• B) price elasticity of supply is positive.
• C) percentage change in the quantity supplied equals the percentage change in price.
• D) supply curve is horizontal.
• E) supply curve is vertical.

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Definitions:

Positive Energy

A concept referring to a beneficial force or vibe emanating from someone or something that positively affects the environment and people around them.

Feedback

Information provided regarding aspects of one’s performance or behavior, which is aimed at improving or reinforcing actions or behaviors.

Appreciation

Recognition and enjoyment of the good qualities of someone or something, often leading to expressions of gratitude or acknowledgment.

Positive Reinforcement

A method in behavior management that involves rewarding desired behaviors to encourage their recurrence.