If Sellers Do Not Adjust Their Quantity Supplied at All

question 81

Multiple Choice

If sellers do not adjust their quantity supplied at all in response to a change in price,the price elasticity of supply is

• A)zero,and the supply curve is horizontal.
• B)zero,and the supply curve is vertical.
• C)infinity,and the supply curve is horizontal.
• D)infinity,and the supply curve is vertical.

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Definitions:

Upward

in a higher position or direction; often used to describe movements within an organization's hierarchy from lower to higher levels.

Lateral

Pertaining to or situated at the side; often refers to relationships or movements that are not hierarchical.

Organization

An entity comprising multiple people, such as a company or society, structured to achieve specific goals.

Interruptions

Describes unexpected events or disturbances that temporarily halt the progress of an activity or process.