When Supply Is Perfectly Elastic,the Value of the Price Elasticity

question 18

Multiple Choice

When supply is perfectly elastic,the value of the price elasticity of supply is

• A)0.
• B)1.
• C)greater than 0 and less than 1.
• D)infinity.

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Definitions:

Mentally Incompetent

A legal determination that a person is unable to make decisions for themselves due to mental incapacity or illness.

Psychological Treatment

Therapeutic interventions designed to address and alleviate mental health issues through various talk therapy methods.

Institutionalized

refers to the process of becoming deeply ingrained within an institution or established system, often losing autonomy or the ability to function independently.

Emergency Commitment

Involving someone being involuntarily admitted to a mental health facility for a short period due to a personal crisis that poses an imminent risk to themselves or others.