Inputs Whose Quantity of Supply Is Fixed and Does Not

question 22

Multiple Choice

Inputs whose quantity of supply is fixed and does not respond to price increases are said to be

• A) elastic in supply.
• B) inelastic in supply.
• C) elastic in demand.
• D) perfectly competitive.

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Definitions:

Positive Affect

A psychological state or condition characterized by feelings of pleasure, happiness, or satisfaction.

Dispositional Optimists

Individuals who generally expect positive outcomes and believe that they are responsible for their own happiness.

Coping Strategies

Techniques or methods employed by individuals to manage and withstand stress or adversity.

Stressful Situations

Circumstances that trigger a state of tension or anxiety, which can result from various environmental, social, or personal factors.