A Situation in Which There Is a Reduction in Quantity

question 298

Multiple Choice

A situation in which there is a reduction in quantity supplied to zero when there is the slightest decrease in price is

• A) perfectly elastic supply.
• B) perfectly elastic demand.
• C) perfectly inelastic supply.
• D) perfectly inelastic demand.

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The systematic study of social phenomena, involving the examination and explanation of social behaviors, structures, and functions.

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The knowledge or skill acquired by direct observation of or participation in events or in a particular activity over time.

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