A Supply Curve That Is Parallel to the Horizontal Axis

question 37

Multiple Choice

A supply curve that is parallel to the horizontal axis suggests that:

• A)when quantity supplied increases, price rises
• B)the relationship between price and quantity supplied is inverse
• C)a change in demand will change price in the same direction
• D)the relevant time period is the immediate run
• E)in the long run, additional units of output will be forthcoming without an increase in price, in a constant cost industry

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Definitions:

Left Cerebral Hemisphere

The left cerebral hemisphere is the half of the human brain that is typically associated with analytical thought, language, and logic.

Posterior Cerebral Hemisphere

Refers to the back portion of the cerebral hemisphere, responsible for processing visual and spatial information.

Central Cerebral Hemisphere

The left and right hemispheres of the brain, responsible for various cognitive, sensory, and motor functions.

Right Cerebral Hemisphere

The half of the brain that is typically associated with creativity, spatial ability, visual imagery, and the processing of music and nonverbal content.