While the slope of the perfectly inelastic supply curve ________, the slope of the perfectly elastic supply curve ________.
A) is zero, approaches infinity
B) approaches infinity, is zero
C) is zero, is zero
D) approaches infinity, approaches infinity

Question

Quizplus · Accepted Answer

A perfectly inelastic supply curve means that no matter what the price is, the quantity supplied remains the same, so the slope is zero. On the other hand, a perfectly elastic supply curve means that the slightest change in price will result in an infinite change in quantity supplied, so the slope approaches infinity.

While the Slope of the Perfectly Inelastic Supply Curve ________