What Is the Direction of a Perfectly Elastic Supply Curve

question 60

Multiple Choice

What is the direction of a perfectly elastic supply curve?

• A) horizontal
• B) vertical
• C) downward sloping to the left
• D) upward sloping to the right

Acknowledge the contributions of pioneers in the field of social work and community service.

Understand the concept of synergy in close-ended groups and its impact.

Learn the similar steps in planning and implementing educational, treatment groups, and individual client interventions.

Identify the criteria for member selection based on presenting concerns and needs.

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Definitions:

Consumer Goods Pricing Act

Legislation aimed at regulating the pricing of consumer goods to prevent unfair practices and protect consumers, although specific details can vary by jurisdiction.

Sherman Act

A foundational antitrust law passed in 1890 in the United States, aimed at prohibiting monopolies and promoting competition.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition, deceptive acts, and regulate antitrust practices.

Robinson-Patman Act

A United States federal law that prohibits anti-competitive practices by producers, specifically price discrimination.