A Vertical Supply Curve

question 79

Multiple Choice

A vertical supply curve

• A)is impossible except in the long run.
• B)implies an elasticity of supply equal to zero.
• C)implies an elasticity of supply equal to infinity.
• D)indicates that suppliers are unwilling to produce the good.
• E)indicates a shortage of the good.

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Definitions:

Axillary Nerve

A nerve in the shoulder that innervates the deltoid and teres minor muscles as well as provides sensation to the skin.

Deltoid

A large triangular muscle covering the shoulder joint and responsible for lifting the arm and giving the shoulder its range of motion.

Teres Minor

A small muscle of the rotator cuff that assists in rotating the arm laterally and stabilizes the shoulder joint.

Biceps Brachii

A muscle of the upper arm that flexes the forearm and is involved in moving the shoulder and elbow.