If Supply Is Perfectly Elastic, the Price Elasticity of Supply

question 189

Multiple Choice

If supply is perfectly elastic, the price elasticity of supply is equal to

• A) 1.
• B) 0.
• C) infinity.
• D) a positive number between 0 and infinity.

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Definitions:

Designer Cookware

High-quality cooking utensils and equipment designed with a focus on aesthetics, functionality, and premium materials.

Positioning

The strategy of placing a brand or product in a particular market segment to distinguish it from competitors, aimed at creating a unique impression in the minds of consumers.

BBQ Restaurant

A dining establishment specializing in barbecue-style cuisine, known for grilling or smoking meats.

Sports Bar

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