If a Supply Curve Is a Horizontal Line, Supply Is

question 226

Multiple Choice

If a supply curve is a horizontal line, supply is said to be

• A)perfectly inelastic.
• B)unit elastic.
• C)inelastic.
• D)perfectly elastic.

Interpret how risk of loss is determined and managed in sales transactions.

Evaluate the legal outcomes of non-conforming goods and the options available to buyers and sellers.

Comprehend the role and impact of negotiable and non-negotiable documents of title in goods transactions.

Identify conditions under which a title is considered void, voidable, or good.

---

Definitions:

Government Military Contracts

Agreements or contracts between a government and private companies for the provision of goods and services to the military or for defense purposes.

Nation's Top Corporations

The leading companies in a country, typically measured by revenue, profitability, or market capitalization.

Closed-Shop

A workplace where employment is conditional upon the employee's membership in a labor union, typically found in industries with strong union representation.

National War Labor Board

A government agency established in World War I and again during World War II to mediate labor disputes and avoid strikes that would disrupt wartime production.