When Supply Is Perfectly Elastic,the Value of the Price Elasticity

question 18

Multiple Choice

When supply is perfectly elastic,the value of the price elasticity of supply is

• A)0.
• B)1.
• C)greater than 0 and less than 1.
• D)infinity.

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Definitions:

Ritual

A set of actions performed mainly for their symbolic value, prescribed by a culture or religion, to convey a specific meaning or tradition.

Jesus' Last Supper

The final meal that Jesus shared with his Apostles before his crucifixion, significant in Christian theology for its establishment of the Eucharist.

Hierarchal Polytheism

A religious belief system in which multiple gods exist, ranked in a hierarchy, where some deities are subordinate to others.

Diffuse Polytheism

A form of religious belief system where multiple gods are worshipped across different regions and cultures without a centralized or organized system of belief.