If a small decrease in the price of a good decreases the quantity supplied to zero,the supply of the good is said to be ________.

Question

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If a small decrease in the price of a good decreases the quantity supplied to zero, the supply of the good is said to be perfectly elastic. This means that suppliers are only willing to supply the good at one specific price, and any decrease in price leads to a complete cessation of supply.

If a Small Decrease in the Price of a Good