A Perfectly Elastic Supply Curve

question 45

Multiple Choice

A perfectly elastic supply curve

• A)has an elasticity of 1
• B)has an elasticity less than 1
• C)has an elasticity of 0
• D)is horizontal
• E)is upward sloping

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Definitions:

Lipid

A broad group of naturally occurring molecules including fats, oils, waxes, and certain vitamins, essential for energy storage and cell structure.

Nucleic Acid

Biomolecules essential to all known forms of life, including DNA and RNA, that carry genetic information necessary for growth, development, functioning, and reproduction.

Protein

Large biomolecules composed of amino acids, essential for various functions within organisms, including structural roles, enzymes, and cell signaling.

Cellulose

A complex carbohydrate composed of glucose units, forming the primary structural component of plant cell walls.