If Supply Is Perfectly Inelastic, the Price Elasticity of Supply

question 113

Multiple Choice

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

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

---

Definitions:

Three-way Handshake

A method used in a TCP/IP network to establish a connection between a client and a server that involves three steps: the initiation of the connection by the client, the acknowledgment by the server, and the acknowledgment of the acknowledgment by the client.

POP

Post Office Protocol, a standard protocol used by local email clients to retrieve emails from a remote server over an IP network.

Post Office Protocol

An internet standard protocol used by local email clients to retrieve emails from a remote server over a TCP/IP connection.

Facebook Connect

A set of application programming interfaces (APIs) provided by Facebook that enable third-party websites to integrate with Facebook for authentication and social sharing features.