If a supply curve is a horizontal line, supply is said to be
A) perfectly inelastic.
B) unit elastic.
C) inelastic.
D) perfectly elastic.
Correct Answer:
Verified
Q270: Which of the following is a key
Q271: Suppose when the price of jean-jackets increased
Q272: Inelastic supply occurs whenever the elasticity of
Q273: A supply curve that is vertical
A)is perfectly
Q274: Figure 6-12 Q276: Suppose the demand curve for a product Q277: The price elasticity of supply measures Q278: If an 8 percent decrease in the Q279: Table 6-8 Q280: If the quantity of walkie-talkies supplied increases
A)the responsiveness
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents