The Supply Curve in a Market Is Vertical Instead of Upsloping

question 244

Multiple Choice

The supply curve in a market is vertical instead of upsloping whenever

• A) all buyers are willing to pay only one price for the item.
• B) sellers have no flexibility in setting the price of the item.
• C) buyers want to buy a fixed quantity regardless of price.
• D) sellers have a fixed quantity of the item for sale.

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Definitions:

Schizotypal

describes a personality disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, and often unconventional beliefs.

Emotional Instability

A characteristic of individuals who experience rapid, intense emotional shifts and unpredictability in emotional responses, often seen as part of personality dimensions like neuroticism.

Borderline Personality Disorder

An extreme and sometimes dangerous pattern of emotional instability, emotional emptiness, confused identity, and tendencies toward self-harm.

Bundle Pricing

Marketing two or more products in a single package price.