When a Higher Price Cannot Bring About Any Increase in the Quantity

question 62

Multiple Choice

When a higher price cannot bring about any increase in the quantity supplied, the supply is

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

---

Definitions:

Sociohistorical Context

The combination of social, cultural, and historical factors that influence and shape events or phenomena at a given time.

Fundamental Disputes

Essential disagreements or debates over basic principles within a field of study or an area of professional practice.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Functionalism

A theory in sociology and anthropology that interprets and describes society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.