For Perfectly Price Inelastic Supply

question 178

Multiple Choice

For perfectly price inelastic supply,

• A) price is solely determined by supply.
• B) price is solely determined by demand.
• C) only a government can set the price.
• D) either supply or demand may set the price.

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Definitions:

Suntanned

The darkening of skin color due to the exposure to sunlight or ultraviolet light which increases melanin production in the skin.

Sunburned

Damage to the skin caused by excessive exposure to ultraviolet radiation from the sun, leading to redness and inflammation.

Collagen Fibers

Strong, fibrous proteins that are a major component in skin, bone, tendons, and other connective tissues.

Epiphysis

The end part of a long bone, initially growing separately from the shaft and later fusing with it, involved in joint formation.