If the Elasticity of Supply of a Good Is Zero

question 158

Multiple Choice

If the elasticity of supply of a good is zero, then its

• A) supply curve is vertical.
• B) supply curve is horizontal.
• C) demand curve must be vertical.
• D) supply curve is positively sloped.

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Definitions:

Creative Intelligence

The ability to produce new ideas, solutions, and approaches to solve problems or to create artistic expressions.

Adaptive Responses

The reactions organisms make to adjust to new or changing environments, promoting survival and efficiency.

Process Simulation

The use of models or virtual representations to explore and analyze the operation of processes, typically in engineering or management.

Visualizing

The process of forming mental images or concepts of objects, scenarios, or actions that are not currently perceived through the senses, facilitating planning, memory, and creative thinking.