The Nurse Assesses a Positive Homans Sign When the Patient's
If the quantity supplied is the same regardless of price, then supply is
If sellers do not adjust their quantities supplied at all in response to a change in price,
A)advances in technology must be prevalent.
B)the time period under consideration must be very long.
C)supply is perfectly elastic.
D)supply is perfectly inelastic.
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.
Refer to Figure 5-17. Which of the following statements is not correct?
A)Supply curve A is perfectly inelastic.
B)Supply curve B is perfectly elastic.
C)Supply curve C is unit elastic.
D)Supply curve D is more elastic than supply curve C.