When a Supply Curve Is Relatively Flat

question 78

Multiple Choice

When a supply curve is relatively flat,

• A)sellers are not very responsive to changes in price.
• B)supply is relatively inelastic.
• C)supply is relatively elastic.
• D)Both a and b are correct.

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Definitions:

Parallel Grammatical Form

The use of consistent patterns of words, phrases, or clauses within sentences to ensure clarity and enhance readability.

Solicited Cover Letter

A letter sent in response to a specific job advertisement, tailoring the applicant’s qualifications to the job requirements.

Interview

A conversation where questions are asked by the interviewer to elicit facts or statements from the interviewee.

Gratefulness

The feeling or expression of being thankful and appreciative.