Consider a supply curve of the form: Q = c + dP. If d equals zero, then supply is:
A) completely inelastic.
B) inelastic, but not completely inelastic.
C) elastic, but not infinitely elastic.
D) infinitely elastic

Question

Quizplus · Accepted Answer

When d equals zero, the supply curve is a horizontal line with a fixed quantity supplied regardless of the price. This indicates a completely inelastic supply, as the quantity supplied does not respond to changes in price.

Consider a Supply Curve of the Form: Q = C