Figure 4.7
-Refer to Figure 4.7.A perfectly elastic supply curve is shown in:
A)Panel A.
B)Panel B.
C)Panel C.
D)Panel D.

Name: Figure 4.7 -Refer to Figure 4.7.A perfectly elastic supply curve is shown in: A)Panel A. B)Panel B. C)Panel C. D)Panel D.
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Question

Figure 4.7 
-Refer to Figure 4.7.A perfectly elastic supply curve is shown in:
A)Panel A. 
B)Panel B. 
C)Panel C. 
D)Panel D.

Quizplus · Accepted Answer

A perfectly elastic supply curve is represented by a horizontal line, indicating that suppliers are willing to supply any quantity at a specific price. Panel B shows this characteristic.

Figure 4.7 -Refer to Figure 4.7.A Perfectly Elastic Supply Curve Is Shown