If the Supply of Good a Is Perfectly Elastic, a Decrease

question 42

Multiple Choice

If the supply of good A is perfectly elastic, a decrease in demand will:

• A)​reduce the equilibrium quantity traded, but leave the price unchanged.
• B)​reduce the equilibrium quantity traded, and reduce the price.
• C)​reduce the equilibrium price, but leave the quantity traded unchanged.
• D)​reduce the equilibrium price traded, but increase the quantity traded.

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Definitions:

Fast Mapping

The way in which children quickly form an idea of the meaning of an unfamiliar word they hear in a familiar and highly structured social interaction.

Babbling

Early stage of language development where infants produce sounds or syllables repeatedly without specific meaning.

Babbling

An early stage in language acquisition where infants produce sounds or syllables repetitively, which precedes the development of spoken words.

Scaffolding

A teaching method that involves providing learners with temporary support until they can perform tasks independently.