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If a Supply Curve Has a Constant Slope Throughout Its

question 33

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If a supply curve has a constant slope throughout its length, it must have a constant price elasticity throughout its length. ​


Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

In traditional conditioning, a stimulus that instinctively and automatically elicits a response without previous learning.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without any prior learning or conditioning.

Unconditioned Stimulus

Within classical conditioning, a stimulus that inherently and spontaneously provokes a response with no prior learning required.

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