If the price elasticity of supply is zero, the supply curve is a horizontal line parallel to the quantity axis

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

False

Economics

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A quota is a

a. tax on a specific quantity of imported goods b. limited number of foreign firms that can sell imported goods c. restrictive health and safety standard that raises costs d. tax on domestic producers so that they can make higher profits e. limit on the quantity of a good that can be imported

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