A value of infinity for the elasticity of supply of some product implies that
A) no product will be supplied at any price.
B) the supply curve is vertical.
C) supply is very unresponsive to price.
D) the supply curve is horizontal.
E) the product will be supplied at any price.

Question

Quizplus · Accepted Answer

A value of infinity for the elasticity of supply implies that the supply curve is perfectly horizontal, meaning that any quantity can be supplied at any price. This is because the quantity supplied is not limited by any constraint or cost.

A Value of Infinity for the Elasticity of Supply of Some