A Perfectly Elastic Supply Curve Is Vertical, and a Perfectly

question 75

True/False

A perfectly elastic supply curve is vertical, and a perfectly elastic demand curve is horizontal.

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Definitions:

Convenience Sampling

A sampling method where participants are selected based on their availability and willingness to take part, rather than using random selection.

Dependent Variable

In an experiment, the condition that may or may not change as a result of changes in the independent variable.

Vitamin Supplement

A dietary addition that provides nutrients, such as vitamins or minerals, intended to supplement one's nutrition.

IQ Test

A standardized test designed to measure human intelligence and cognitive abilities in relation to an average score for one's age group.