When a 9% increase in price leads to a 6% increase in quantity supplied, supply is relatively inelastic

Diminishing marginal returns lead to diminishing returns

A) when marginal returns fall but remain positive. B) only in theory. C) when marginal returns become negative. D) when labor exceeds capital.

Which of the following is not one of the four broad categories of resources?

A) labor B) money C) capital D) entrepreneurship E) land