If the elasticity of supply is zero,what do we know
A)Supply is very elastic.
B)The supply curve is horizontal.
C)The quantity supplied is the same regardless of price.
D)Suppliers are very sensitive to changes in price.

Question

Quizplus · Accepted Answer

If the elasticity of supply is zero, it means that the quantity supplied is the same regardless of the price. This is because the suppliers are not willing or able to increase the quantity supplied in response to a change in price. The supply curve would be vertical in this case, indicating that there is no change in the quantity supplied even if the price changes.

If the Elasticity of Supply Is Zero,what Do We Know