When a Supply Curve Is Relatively Flat,the

question 45

Multiple Choice

When a supply curve is relatively flat,the

• A)sellers are not at all responsive to a change in price.
• B)equilibrium price changes substantially when the demand for the good changes.
• C)supply is relatively elastic.
• D)supply is relatively inelastic.

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Definitions:

Policies And Programs

Established guidelines and planned activities designed to achieve specific goals within an organization.

Facial Expressions

The movements of the muscles beneath the skin of the face, used as non-verbal communication to convey emotions and reactions.

Posture

The way in which someone holds their body when standing or sitting, often reflecting confidence, attitude, or current state of health.

Vocal Intonations

The variation in pitch while speaking, which can affect the meaning, emotion, or emphasis conveyed by the speaker.