A supply curve that is parallel to the quantity axis is
A) perfectly elastic.
B) perfectly inelastic.
C) relatively inelastic.
D) unitary elastic.

Name: A supply curve that is parallel to the quantity axis is A) perfectly elastic. B) perfectly inelastic. C) relatively inelastic. D) unitary elastic.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A supply curve that is parallel to the quantity axis indicates that any change in price will not affect the quantity supplied, which is characteristic of a perfectly elastic supply.

A Supply Curve That Is Parallel to the Quantity Axis