If the Supply Curve Is Vertical, Then Supply Is

question 309

Multiple Choice

If the supply curve is vertical, then supply is

• A) relatively elastic.
• B) perfectly elastic.
• C) unit elastic.
• D) perfectly inelastic.

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Definitions:

Polluter and User Pay

A principle stating that those who produce pollution or use resources should bear the costs of managing it to prevent environmental degradation.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund various public expenditures.

Environmental Impact Statement

An Environmental Impact Statement (EIS) is a document prepared to describe the positive and negative effects of proposed projects on the environment.

Germany

Germany is a country in Central Europe, known for its rich history, cultural heritage, and as a major economic and political power.