For Which of the Following Would the Supply Likely Be

question 57

Multiple Choice

For which of the following would the supply likely be most inelastic?

• A) aircraft carrier
• B) canned soup
• C) toy airplane
• D) t-shirt
• E) bottled water

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Definitions:

Diminish

To reduce or make less in size, importance, or intensity over time or through certain circumstances.

Increase

An upward trend or growth in quantity, size, intensity, or value of something.

Person-Oriented Aggression

Behavior directed towards harming or intending to harm another person through physical, verbal, or psychological means.

Cognitive Factors

Elements that influence the processes of thinking, learning, memory, and perception, contributing to how we acquire, process, and use information.