If Supply Is Perfectly Inelastic, It Follows That a

question 140

Multiple Choice

If supply is perfectly inelastic, it follows that a

• A)rise in price will not change quantity supplied.
• B)fall in price will not change quantity demanded.
• C)rise in price will change quantity supplied by more than a fall in price.
• D)fall in price will change quantity supplied by more than a rise in price.

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Definitions:

Antipsychotic Drugs

Medications used to treat psychotic symptoms, such as delusions and hallucinations, common in mental health disorders like schizophrenia.

Psychotic Symptoms

Manifestations of severe mental disorders that involve a loss of contact with reality, such as hallucinations or delusions.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Delusions

Firmly held erroneous beliefs that are not amenable to change in light of conflicting evidence, often observed in psychiatric conditions.