If wheat can be produced at a constant opportunity cost,then the supply of wheat is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly inelastic.
E) perfectly elastic.

Question

Quizplus · Accepted Answer

When wheat can be produced at a constant opportunity cost, it implies that producers can supply any quantity of wheat at the same price, leading to a perfectly elastic supply curve.

If Wheat Can Be Produced at a Constant Opportunity Cost,then