If a Supply Curve Is Horizontal,it Is Said to Be

question 77

True/False

If a supply curve is horizontal,it is said to be perfectly elastic and the price elasticity of supply approaches infinity.

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Definitions:

Avoiding Bias

The practice of preventing unfair preferences or prejudices from influencing decisions or outcomes.

Serving the Public

Involves undertaking activities or roles with the aim of benefiting the community or society at large, often associated with professions in public service, governance, and nonprofit sectors.

War on Drugs

A government-led initiative that aims to stop illegal drug use, distribution, and trade by increasing and enforcing penalties for offenders.

Illegal Drug Users

Individuals who consume substances that are prohibited by law, which can include various narcotics and controlled substances.