A Manufacturer Produces 1,000 Units,regardless of the Market Price

question 4

Multiple Choice

A manufacturer produces 1,000 units,regardless of the market price.For this firm,the price elasticity of supply is

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

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Definitions:

Emelian Pugachev

A Cossack leader who led a major peasant uprising against the Russian empire in the 18th century, known as Pugachev's Rebellion.

Tsar Peter III

The Russian emperor who reigned briefly in 1762 and was noted for his attempts to modernize the Russian army and government before being overthrown.

Peasant Rebellion

An uprising or revolt conducted by peasants or lower-class citizens, often against feudal lords, governments, or occupying powers, usually due to grievances like harsh taxation or social injustice.

Catholic Church

The largest Christian church, led by the Pope, with a global following and significant influence in religious, cultural, and political matters throughout history.