If the Demand Curve for a Good Is Horizontal and the Price

question 39

Multiple Choice

If the demand curve for a good is horizontal and the price is positive,then a leftward shift of the supply curve results in

• A) a price of zero.
• B) an increase in price.
• C) a decrease in price.
• D) no change in price.

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Definitions:

Inferiority

Inferiority refers to a feeling of lower rank, value, or quality in comparison to others, often leading to reduced self-esteem.

Autonomy

The capacity and right of individuals to make their own decisions and govern themselves independently.

Initiative

The ability to assess and initiate things independently, often leading to the undertaking of new projects or actions.

Perceptual Development

Refers to the process by which individuals learn to make sense of sensory input, allowing them to interpret and understand the world around them.