-The figure above shows the supply curve for a good with
A) a perfectly inelastic supply.
B) an inelastic supply.
C) a unit elastic supply.
D) a perfectly elastic supply.
E) an elastic supply.

Question

-The figure above shows the supply curve for a good with
A) a perfectly inelastic supply. 
B) an inelastic supply. 
C) a unit elastic supply. 
D) a perfectly elastic supply. 
E) an elastic supply.

Quizplus · Accepted Answer

A perfectly elastic supply curve is horizontal, indicating that suppliers are willing to supply any quantity of the good at a specific price.

-The Figure Above Shows the Supply Curve for a Good