If the Price Elasticity of Supply for a Good Is

question 66

Multiple Choice

If the price elasticity of supply for a good is equal to infinity,then the

• A)supply curve is vertical.
• B)supply curve is horizontal.
• C)supply curve also has a slope equal to infinity.
• D)quantity supplied is constant regardless of the price.

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Definitions:

Professional Selling

The process of personally promoting products or services to clients in a way that adds value and aims to generate a profitable outcome.

Needs

Needs are essential requirements or desires that drive individuals to take actions or make decisions in pursuit of satisfaction or fulfillment.

Wants

Needs that are learned by a person.

Need Arousal

A situation in which a salesperson triggers a psychological, social, or economic need in the buyer.