If a supply curve is a horizontal line, supply is said to be
A)perfectly inelastic.
B)unit elastic.
C)inelastic.
D)perfectly elastic.

Name: If a supply curve is a horizontal line, supply is said to be A)perfectly inelastic. B)unit elastic. C)inelastic. D)perfectly elastic.
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Question

Quizplus · Accepted Answer

A horizontal supply curve indicates a situation where any change in price will not result in a change in the quantity supplied, meaning that supply is perfectly elastic.

If a Supply Curve Is a Horizontal Line, Supply Is