If the price elasticity of supply is zero, then

a. supply is more elastic than it is in any other case.
b. the supply curve is horizontal.
c. the quantity supplied is the same, regardless of price.
d. a change in demand will cause a relatively small change in the equilibrium price.


c

Economics

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a. True b. False Indicate whether the statement is true or false

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If price rises, what happens to quantity demanded for a product?

a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.

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Persistent high inflation combined with high unemployment in an economy is known as _____

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