The elasticity of supply equals ________ if the supply curve is horizontal.
A) 0
B) 1
C) infinity
D) -1

Name: The elasticity of supply equals ________ if the supply curve is horizontal. A) 0 B) 1 C) infinity D) -1
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Question

Quizplus · Accepted Answer

A horizontal supply curve indicates that any change in price will result in an infinite change in quantity supplied, hence the elasticity of supply is infinity.

The Elasticity of Supply Equals ________ If the Supply Curve