6. an elasticity coefficient of 1 means
7. an elasticity coefficient of less than 1 means
8. an elasticity coefficient of more than 1 means
9. if the elasticity coefficient is zero, it means
10. if the elasticity coefficient is immeasurable, it
means
11. if the percentage of change in quantity supplied
is higher than the percentage of change in price,
the price elasticity of supply is
a. Perfectly elastic
b. Unitary
Elastic
a. Elastic
b. Unitary
c. Inelastic
a Unitary
b. Inelastic
c. Elastic
a. Perfectly
inelastic
b. Perfectly elastic
c. Unitary
a. Perfectly
inelastic
b. Perfectly elastic
c. Unitary
a. Inelastic
b. Elastic
c. Unitary
a. Unitary
b. Elastic
c. Inelastic
a. Elastic
b. Inelastic
c. Perfectly elastic
a. Less
b. More
c. Greater
a. Less
b. More
c. Lesser
12. if the consumer is not price sensitive, the
elasticity of demand is
13. the seller can increase its price and can assure
that the consumer will continuously buy their
product if the price elasticity of demand for the
product is
14. the more elastic the demand is, the
will be the increase in
price.
15. the less elastic the demand is, the
the increase in quantity
sold even if the price decreases.