A Supply Curve That Is Parallel to the Horizontal Axis

question 111

Multiple Choice

A supply curve that is parallel to the horizontal axis suggests that

• A)the industry is organized monopolistically.
• B)the relationship between price and quantity supplied is inverse.
• C)a change in demand will change price in the same direction.
• D)a change in demand will change the equilibrium quantity but not price.

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Definitions:

Milk Production

is the biological process by which mammals produce milk to feed their young, involving hormonal regulation and nutrient supply.

Prolactin

A hormone produced by the pituitary gland, primarily associated with lactation (milk production) in mammals.

Women

Adult human females.

Cerebral Palsy

A neurological disorder that affects movement and muscle tone, often caused by damage to the brain before or at birth.