Which of the Following Statements Is FALSE

question 101

Multiple Choice

Which of the following statements is FALSE?

• A) The flexibility of producers helps determine the supply elasticity.
• B) The time frame helps determine the supply elasticity.
• C) The perfectly inelastic supply curve is vertical.
• D) The perfectly elastic supply curve is horizontal.
• E) Price elasticity of supply can never equal one.

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Definitions:

Italy

A country in Southern Europe, known for its significant contributions to art, architecture, fashion, cuisine, and Western culture.

Degenerate

Originally used in physical and biological contexts to describe decline or decrease in function, the term can also refer to moral or cultural decline.

Surrealist

Pertaining to Surrealism, a 20th-century avant-garde movement in art and literature that sought to release the creative potential of the unconscious mind.

Nazi Regime

The authoritarian government led by Adolf Hitler in Germany from 1933 to 1945, known for its totalitarian policies and the perpetration of the Holocaust.