A perfectly elastic supply curve is
A) a straight line that crosses the horizontal axis.
B) a straight line coming out of the origin.
C) a horizontal straight line.
D) a vertical straight line.

Question

Quizplus · Accepted Answer

A perfectly elastic supply curve is represented by a horizontal straight line, indicating that at any given price level, producers are willing and able to supply an unlimited quantity of the good. This means that the quantity supplied is infinitely responsive to price changes, resulting in a horizontal supply curve.

A Perfectly Elastic Supply Curve Is