The elasticity of supply equals ________ if the supply curve is horizontal
A) 0
B) 1
C) infinity
D) -1
C
Economics
You might also like to view...
Positive analysis is concerned with "what ought to be," while normative analysis is concerned with "what is."
Indicate whether the statement is true or false
Economics
Productivity per worker has increased in the past primarily through
a. hiring more teenagers. b. hiring more women. c. medical benefits. d. technological development.
Economics
Inventories are goods that can be considered as "purchased" by
a. the firms that produce them. b. the consumers that ultimately buy them. c. the government since they are tax deductible. d. no one since they are not counted as part of GDP.
Economics
Currency in the United States today is
A) fiat money. B) intrinsic money. C) backed by gold. D) quasi- intrinsic.
Economics