If the Quantity Supplied of a Product Stays the Same

question 72

Multiple Choice

If the quantity supplied of a product stays the same no matter what its price, then the elasticity of supply of the product is

• A)perfectly elastic.
• B)unit elastic.
• C)zero.
• D)perfectly inelastic.
• E)infinity.

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Definitions:

Acquisition Transaction

A business deal in which one company purchases another company to expand its operations.

Accounting

The systematic process of recording, analyzing, and interpreting the financial transactions of a business.

Intangible Asset

An asset that lacks physical substance but is still identifiable and provides future economic benefit to the owner, such as patents, copyrights, and goodwill.

Business Combination

The process of merging two or more companies into one, through acquisitions, consolidations, or other forms of restructuring.