A Local Sandwich Shop Can Quickly Place an Order for Food

question 103

Multiple Choice

A local sandwich shop can quickly place an order for food with its local vendors if it uses up its existing resources quickly.This indicates that the price elasticity of supply is

• A) unitary elastic.
• B) perfectly elastic.
• C) perfectly inelastic.
• D) relatively elastic.
• E) relatively inelastic.

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Definitions:

Civil Rights Act of 1964

is landmark U.S. legislation that outlawed discrimination based on race, color, religion, sex, or national origin, significantly advancing civil rights in America.

Americans with Disabilities Act

A legal statute designed to prevent discrimination towards people with disabilities, encompassing employment, education, transport, and any location, both public and private, accessible to the public.

Age Discrimination in Employment Act

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NAFTA

North American Free Trade Agreement; a treaty among the United States, Canada, and Mexico that eliminated most tariffs and trade barriers.