A Perfectly Elastic Supply Curve Is

question 156

Multiple Choice

A perfectly elastic supply curve is

• A) a straight line that crosses the horizontal axis.
• B) a straight line coming out of the origin.
• C) a horizontal straight line.
• D) a vertical straight line.

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Definitions:

Pay Equity Legislation

Laws designed to reduce the wage gap between genders and different ethnic groups by ensuring equal pay for work of equal value.

Job Comparison Methods

Techniques used to evaluate and compare the responsibilities, requirements, and value of jobs within an organization to ensure fair and equitable compensation.

Relative Worth

The value or importance of a job, task, or item compared to others, often assessed in the context of job evaluations or market value.

Job Evaluation

A systematic process for assessing the relative value of jobs within an organization to establish a fair and equitable pay structure.