If a Supply Curve Is a Horizontal Line, Supply Is

question 226

Multiple Choice

If a supply curve is a horizontal line, supply is said to be

• A)perfectly inelastic.
• B)unit elastic.
• C)inelastic.
• D)perfectly elastic.

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Definitions:

Co-owners

Co-owners share joint ownership or possession of property or assets, each holding a portion of the rights, responsibilities, and benefits associated with the ownership.

Easement

The right to make certain uses of another person’s property or to prevent another person from making certain uses of his own property.

Ownership Transfer

The process by which the legal rights of owning an asset or property are transferred from one person or entity to another.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the property can do with it.