A Given Supply Curve Has a Zero Intercept

question 69

Multiple Choice

A given supply curve has a zero intercept.At the current equilibrium price the price elasticity of supply equals

• A)1.
• B)0.
• C)2.
• D)Not enough information is provided.

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Definitions:

Primacy Effect

The tendency to remember the first items in a series better than the middle or last items, indicating the impact of first impressions.

Statistical Regression

A statistical technique used to determine the relationships between one dependent variable and one or more independent variables.

Liberal News Media

Media outlets perceived or characterized as promoting liberal, progressive viewpoints, often emphasizing social equality, environmental issues, and reform.

Moderately Liberal

Holding political or social views that are open to reform and progress, but not to an extreme level; supporting moderate changes within the framework of the existing system.