Which of the Following Situations Is Represented by a Nearly

question 70

Multiple Choice

Which of the following situations is represented by a nearly horizontal supply curve?

• A)Small price changes lead to small changes in quantity demanded of the good.
• B)Small price changes lead to small changes in quantity supplied of the good.
• C)Producers of the good are not operating efficiently.
• D)Producers of the good are not maximizing profit.
• E)Small changes in the price of the good lead to large changes in the quantity supplied of the good.

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Definitions:

Ureter

A tube that carries urine from the kidney to the bladder.

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys and consisting of water, salts, urea, and other waste substances.

Urinary Bladder

Organ where urine is stored.

Openings

Natural or manufactured spaces that allow passage or access from one area to another.