When a Supply Curve Is Relatively Flat,the

question 45

Multiple Choice

When a supply curve is relatively flat,the

• A)sellers are not at all responsive to a change in price.
• B)equilibrium price changes substantially when the demand for the good changes.
• C)supply is relatively elastic.
• D)supply is relatively inelastic.

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Definitions:

Billion

A number representing a thousand million (1,000,000,000) in the American and modern British numeric system.

Neurotransmitters

Chemicals in the brain that transmit signals from one neuron to another across synapses.

Neural Impulse

An electrical signal that travels along the axon of a neuron, transmitting information between the brain and the body.

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.