When Supply Is Perfectly Elastic,the Supply Curve Is

question 78

Multiple Choice

When supply is perfectly elastic,the supply curve is

• A) vertical.
• B) upward sloping.
• C) U-shaped.
• D) horizontal.
• E) downward sloping.

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, affecting the calculation of various statistical tests.

P-Value

The probability of observing data at least as extreme as those observed, given that the null hypothesis is true, used in hypothesis testing.

Sample Size

The number of observations or individuals included in a sample from a population for the purpose of statistical analysis.

Type II Error

A statistical error that occurs when a false null hypothesis is not rejected, also known as a false negative.