If a Supply Curve Is a Horizontal Line, Supply Is

question 226

Multiple Choice

If a supply curve is a horizontal line, supply is said to be

• A)perfectly inelastic.
• B)unit elastic.
• C)inelastic.
• D)perfectly elastic.

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Definitions:

General Unionism

A labor union strategy that seeks to represent workers from a broad range of industries rather than focusing on a specific occupation or sector.

Craft Unionism

A type of labor union organizing strategy focusing on workers who practice a specific trade or craft, aiming to protect their interests and maintain high standards in their profession.

Industrial Unionism

A labor movement strategy where all workers in the same industry are organized into the same union, regardless of their specific trade or profession.

Great Strike Wave

A period characterized by a high number of extensive labor strikes, often reflecting widespread dissatisfaction among workers regarding wages, working conditions, and labor rights.