menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Issues in Economics Today
  4. Exam
    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
  5. Question
    If the Percentage Change in Quantity Supplied Is 0% and the Percentage
Solved

If the Percentage Change in Quantity Supplied Is 0% and the Percentage

Question 33

Question 33

Multiple Choice

If the percentage change in quantity supplied is 0% and the percentage change in price is 5% then the good is


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: If the price of a good increases

Q29: If supply and demand are both straight

Q30: If the price of a good decreases

Q31: The cross price elasticity for Coke for

Q32: Suppose a long stretch of beach with

Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2628/.jpg" alt=" -In Figure 3.2,

Q35: If the price of a good rises

Q36: If the percentage change in quantity supplied

Q37: The income elasticity of demand helps determine,

Q38: If good A and good B are

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines