If the Demand Curve Shifts but the Supply Curve Does

question 140

True/False

If the demand curve shifts but the supply curve does not and price remains the same, supply must be perfectly inelastic.

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Definitions:

Homeless

Individuals or families who lack a fixed, regular, and adequate nighttime residence, including those living in shelters, transitional housing, or places not meant for human habitation.

Frustrated

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Open Systems

A concept in systems theory that describes entities or organizations which interact with their environment by exchanging energy, information, or materials.

General Systems Theory

A theoretical framework that views systems—whether biological, social, or physical—as coherent entities made up of interrelated and interdependent parts.