No Registration Required

Understanding the Elasticity of Supply Quiz

0 completions

0%

(0)

Generated by AI

1. What is the elasticity of supply?

2. What does a higher elasticity of supply mean?

3. What are the factors affecting the elasticity of supply?

4. How is the elasticity of supply different from the elasticity of demand?

5. If a good has an elasticity of supply equal to 1, this means that:

6. If the elasticity of supply is greater than 1, this implies that the supply is:

7. Under what conditions will the elasticity of supply be zero?

8. If the elasticity of supply is less than 1 but greater than 0, this implies that the supply is:

9. If a supply curve is vertical, it implies that the elasticity of supply is:

10. If a supply curve is horizontal, it implies that the elasticity of supply is: