Solved

When the Percentage Change in the Quantity Supplied Is Less

Question 106

Multiple Choice

When the percentage change in the quantity supplied is less than the percentage change in price,the supply is

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

Related Questions

Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Steve sells hotdogs

Q102: How does elasticity of supply differ for

Q103: If,when the price falls,total revenue increases,demand is<br>A)

Q104: Perfectly inelastic demand means that consumers<br>A) are

Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -In the figure

Q107: If a substitute good is easy to

Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Using the table

Q109: During the winter of 2011-2012,the price of

Q110: Demand is elastic if<br>A) consumers respond strongly

Q111: If the price of a six-pack of