If supply is perfectly elastic,the supply curve is _____
A)vertical.
B)horizontal.
C)downward sloping.
D)upward sloping.
E)u-shaped.

Name: If supply is perfectly elastic,the supply curve is _____ A)vertical. B)horizontal. C)downward sloping. D)upward sloping. E)u-shaped.
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Question

Quizplus · Accepted Answer

In a perfectly elastic supply, any increase or decrease in price will lead to an infinite increase or decrease in the quantity supplied. This means that the supply curve will be perfectly horizontal at the market price.

If Supply Is Perfectly Elastic,the Supply Curve Is _____