If the Price of a A Good Increases by 10

question 150

Multiple Choice

If the price of a a good increases by 10 percent and the quantity supplied increases by 5 percent,then the elasticity of supply is

• A) greater than one and supply is elastic.
• B) negative and supply is inelastic.
• C) less than one and supply is elastic.
• D) less than one and supply is inelastic.
• E) greater than one and supply is inelastic.

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Definitions:

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The act of being dishonest, deceitful, or breaking rules to gain an unfair advantage.

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Feeling or showing suspicion of someone's achievements or advantages, or fear of losing affection or position to a rival.

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To forecast a decrease or deterioration in condition, value, or performance.

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Condemning men more than women for the same sexual behavior (e.g., premarital sex).