If the percentage change in price is 10%, and the percentage change in quantity supplied is 0%, then the supply for the good is
A. elastic.
B. perfectly inelastic.
C. inelastic.
D. unit elastic.
Answer: B
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The money supply curve is ________.
A. inelastic with respect to the interest rate B. drawn as a downward sloping line C. elastic with respect to the interest rate D. drawn as an upward sloping line
Describe and explain the relationship between the price of bonds and the interest rate
What will be an ideal response?
The costs of regulation
A) include increased taxes and increased prices of the products being regulated. B) are paid entirely by the regulated industries. C) are more than covered by the benefits gained from the regulation. D) are relatively small.
If employment grows faster than the population as a whole, then output per capita can increase faster than productivity per worker
Indicate whether the statement is true or false