Multiple Choice
Suppose that each serving of Mac & Cheese costs $0.50 to make no matter how many servings are produced. This means that the price elasticity of supply for Mac & Cheese is ________ and the supply curve is ________.
A) one; perfectly inelastic
B) zero; perfectly elastic
C) infinite; perfectly inelastic
D) infinite; perfectly elastic
Correct Answer:
Verified
Correct Answer:
Verified
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