The Assumption That the Factor's Supply Is Fixed Will Imply

question 133

Multiple Choice

The assumption that the factor's supply is fixed will imply that the factor's

• A)supply curve is horizontal.
• B)supply curve is vertical.
• C)supply curve slopes up to the right.
• D)demand curve slopes up to the right.

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Definitions:

Transesterification

A chemical process in which an ester reacts with an alcohol to produce a new ester and a new alcohol, critical in biodiesel production.

Dimethyl Terephthalate

An organic compound used primarily in the production of polyesters, specifically polyethylene terephthalate (PET).

Step-Growth Polymerization

A polymerization process in which bi-functional or multi-functional monomers react to form first dimers, then trimers, and so on, growing by stepwise addition.

Polyethylene

A versatile synthetic polymer made from the polymerization of ethylene, widely used in plastic bags, containers, and packaging.