Which of the Following Statements Is Valid When Supply Is

question 32

Multiple Choice

Which of the following statements is valid when supply is perfectly elastic at a price of $4?

• A)The elasticity of supply approaches infinity.
• B)The supply curve is vertical.
• C)At a price below $4,quantity supplied is infinite.
• D)At a price above $4,quantity supplied is zero.

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Definitions:

Reliable

Consistently good in quality or performance, able to be trusted or depended upon.

Standardization

Process of bringing into conformity with a standard; pertaining to ECG, a mark made at the beginning of each lead to establish a standard of reference.

Segment

The portion of ECG between two waves.

Interval

Time between events; space. On an ECG, the period that includes one segment and one or more waves, that is, P-R interval.