Which of the following statements is FALSE?
A) A perfectly inelastic supply curve is a vertical line.
B) Time is an important consideration in determining supply elasticity.
C) Price elasticity of supply can never equal 1.
D) A horizontal supply curve is possible.
C
Economics
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In the event of a default by a borrower, the bank is not authorized to sell the borrower's collateral to pay off the loan
Indicate whether the statement is true or false
Economics
Southern agriculture differed markedly from agriculture in the rest of the country before the Civil War in each of these respects EXCEPT
A. it had, on the average, larger farms. B. it had slavery. C. it had different major crops. D. it had more subsistence farming.
Economics