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.

---

Definitions:

Crisis Environments

Situations or settings characterized by instability, danger, or uncertainty, requiring urgent attention and action.

Probabilities

The measure of the likelihood that an event will occur, usually expressed as a number between 0 and 1.

Behavioral Scientists

Researchers who study the actions and behaviors of humans or animals to understand psychological and societal mechanisms.

Classical Decision Theory

A theory that assumes decision-makers have complete information and can rationally evaluate options to make optimal choices.