If the Supply of a Factor Is Perfectly Inelastic,then

question 45

Multiple Choice

If the supply of a factor is perfectly inelastic,then

• A) no more than the existing quantity can be supplied.
• B) the supply curve is horizontal.
• C) sellers will provide whatever quantity is demanded at the going price.
• D) a rise in price results in no quantity being supplied.
• E) a fall in price results in no quantity being supplied.

---

Definitions:

Bad Apple Effect

The Bad Apple Effect describes how the negative behavior of one individual can influence and spoil the group dynamics or morale.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.

Social Facilitation

The tendency for people to perform differently when in the presence of others compared to when alone.

Evaluation Apprehension

Anxiety about being judged or evaluated by others, known to influence behavior and performance.