If Firms Do Not Increase Their Quantity Supplied When Price

question 201

Multiple Choice

If firms do not increase their quantity supplied when price changes, then supply is

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

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Definitions:

Amphetamines

A class of stimulant drugs that increase energy and alertness but can also lead to addiction and adverse health effects.

Epinephrine

Epinephrine, also known as adrenaline, is a hormone and neurotransmitter involved in regulating heart rate, blood vessel and air passage diameters, and metabolic shifts.

Norepinephrine

A neurotransmitter involved in arousal, alertness, and the fight-or-flight response, influencing mood and blood pressure among other bodily functions.

E-cigarettes

Electronic devices that simulate tobacco smoking by producing an aerosol, often containing nicotine, inhaled by the user.