A Perfectly Elastic Supply Curve Is

question 313

Multiple Choice

A perfectly elastic supply curve is

• A) an upward sloping straight line that intersects the origin.
• B) horizontal.
• C) vertical.
• D) downward sloping.

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Definitions:

Flood-control Projects

Initiatives aimed at managing or preventing the overflow of rivers, lakes, or oceans, to protect land and property.

Economic Grounds

The basis or rationale for decisions and actions based on economic factors, such as cost, benefits, and economic efficiency.

Highway Programs

Government initiatives aimed at the construction, maintenance, and expansion of road networks for public use.

Public Good

A non-profit provision of services or products to the entirety of a society, facilitated by either public authorities or private parties.