The Percentage Change in the Quantity Supplied of a Good

question 154

Multiple Choice

The percentage change in the quantity supplied of a good or service when its price changes by one percent is:

• A) price elasticity of supply.
• B) price elasticity of demand.
• C) cross-price elasticity.
• D) income elasticity of supply.

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Definitions:

Parathyroid Glands

The parathyroid glands are small endocrine glands in the neck that produce parathyroid hormone, which regulates calcium levels in the blood.

Somitomeres

Early segmented structures in embryonic development that give rise to somites, precursors to skeletal muscle, vertebrae, and dermis.

Neural Crest Cells

Embryonic cells originating at the border of the neural tube that migrate and differentiate into a diverse range of cell types, including some types of neurons, glial cells, and melanocytes.

Foregut

Cephalic portion of the primitive digestive tube in the embryo.