If a Supply Curve Is Horizontal,it Is Said to Be

question 77

True/False

If a supply curve is horizontal,it is said to be perfectly elastic and the price elasticity of supply approaches infinity.

---

Definitions:

Term Limits

Restrictions on the number of terms an officeholder may serve in a particular elected position.

Keating Owen

A 1916 United States federal law that sought to address child labor by prohibiting the sale of goods produced by factories that employed children under certain ages, later ruled unconstitutional.

Unconstitutional Expansion

The action or policy of expanding authority or territorial holdings in a manner that violates the constitutional law or principles of the governing body.

Child Labor Act

Legislation aimed at protecting children from exploitation in the workplace by setting minimum age requirements and regulating work hours and conditions.