A Perfectly Inelastic Supply Curve Is

question 245

Multiple Choice

A perfectly inelastic supply curve is:

• A)upward sloping to the right.
• B)downward sloping to the left.
• C)horizontal.
• D)vertical.
• E)any of the above.

---

Definitions:

Procedures

Established methods or steps for conducting business, operations, or other routine tasks to achieve consistency and efficiency.

Equity Theory

A theory of motivation that suggests individuals are motivated by a sense of fairness in their interactions.

Input

Contributions, resources, or information provided towards a process or system in order to achieve an output or result.

Informative Communication

Communication that serves to inform or provide knowledge about a particular topic or situation.