When the Per-Unit Cost of Producing a Commodity Is Constant,the

question 57

Multiple Choice

When the per-unit cost of producing a commodity is constant,the price elasticity of supply is:

• A)zero.
• B)infinite.
• C)one.
• D)negative.

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Definitions:

Ethical Behaviour

Actions or conduct that align with accepted principles of right and wrong in a moral or professional context.

Fundamental Rights

Basic human rights that are recognized and protected by law, often guaranteed by a country's constitution.

Distributive Justice

A principle concerned with the fair allocation of resources among diverse members of a community.

Communal Biases

prejudices or tendencies to judge others based on the characteristics or stereotypes of their community or social group.