What Properties Does a Linear Supply Curve Have

question 64

Multiple Choice

What properties does a linear supply curve have

• A)a constant slope and changing elasticity of supply
• B)a changing slope and a constant elasticity of supply
• C)both a constant slope and a constant elasticity of supply
• D)both a changing slope and a changing elasticity of supply

---

Definitions:

Productivity

The efficiency with which inputs are converted into outputs in a production process, often measured as the ratio of output to input over a specific period.

Income Distribution

The way in which the total income of an economy is distributed among its population.

Rich

Having a great deal of wealth, assets, or resources; affluent.

Poor

Individuals or communities that lack financial resources and essentials for a minimum standard of living.