If the Price Elasticity of Supply Equals Zero, This Implies

question 42

Multiple Choice

If the price elasticity of supply equals zero, this implies that

• A) suppliers can easily change quantity supplied when price changes.
• B) the supply curve is vertical.
• C) the percentage change in price of the good supplied is zero.
• D) the percentage change in quantity supplied equals the percentage change in price.

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Definitions:

DNA Evidence

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Anthrax Bacteria

A bacterium known as Bacillus anthracis that causes the acute disease anthrax, affecting both humans and animals.

Inductive Reasoning

A method of reasoning in which specific observations lead to a general conclusion or theory.

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