A Horizontal Supply Curve

question 146

Multiple Choice

A horizontal supply curve

• A)is impossible except in the long run.
• B)implies an elasticity of supply equal to zero.
• C)implies an elasticity of supply equal to infinity.
• D)indicates that suppliers are unwilling to produce the good.
• E)indicates there is a fixed quantity of the good that can be supplied.

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Definitions:

Difficult Temperament

A behavioral profile in infancy characterized by high levels of negative mood, high activity, and poor adaptation to new situations.

Easy Temperament

A temperament characterised by regularity, adaptability, and a positive mood.

Uninhibited Temperament

A personality trait characterized by outgoing, sociable, and usually confident behavior with less reservation or anxiety in social situations.

Active Infant

A concept emphasizing that infants are engaged in learning and exploring their environment, not passively responding to it.