A Perfectly Elastic Demand Curve Implies That the Firm

question 144

Multiple Choice

A perfectly elastic demand curve implies that the firm

• A) must lower price to sell more output.
• B) can sell as much output as it chooses at the existing price.
• C) realizes an increase in total revenue that is less than product price when it sells an extra unit.
• D) is selling a differentiated (heterogeneous) product.

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Definitions:

Workplace Stress

The physical and emotional responses that occur when the requirements of a job do not match the capabilities, resources, or needs of the worker.

Personal Wellness

The active pursuit of activities, choices, and lifestyles that lead to a state of holistic health.

Stress Management Strategy

A set of techniques and programs aimed at controlling a person's level of stress, especially chronic stress, to improve everyday functioning.

Physical-Fitness Program

A structured regimen or plan designed to improve an individual's physical health and performance.