Which of the Following Statements Is Not Valid When the Market

question 54

Multiple Choice

Which of the following statements is not valid when the market supply curve is vertical?

• A)Market quantity supplied does not change when the price changes.
• B)Supply is perfectly inelastic.
• C)An increase in market demand will increase the equilibrium quantity.
• D)An increase in market demand will increase the equilibrium price.

Implement effective strategies for self-modification and goal setting.

Understand the role of antecedents in behavior modification programs.

Appreciate the interaction between heredity and environment in influencing behavior.

Identify the application of operant conditioning principles to solve behavior problems.