The Elasticity of Supply Equals ________ If the Supply Curve

question 132

Multiple Choice

The elasticity of supply equals ________ if the supply curve is vertical.

• A) 0
• B) 1
• C) infinity
• D) -1

---

Definitions:

Residence

A place where individuals live or dwell, ranging from houses and apartments to more temporary accommodations.

Nuclear Family

A family unit consisting of two parents (a mother and a father) and their children, living together as a single household.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on global politics, economy, and culture.

Group Marriage

A marital arrangement where more than two individuals enter into a marital relationship, sharing domestic, financial, and often parental responsibilities.