If the supply curve for a product is horizontal, then the elasticity of supply is:
A) equal to infinity.
B) greater than 1 but less than infinity.
C) equal to 1.
D) equal to zero.

Question

Quizplus · Accepted Answer

A horizontal supply curve indicates that the quantity supplied can change by a large amount for a very small change in price, which means the elasticity of supply is infinite.

If the Supply Curve for a Product Is Horizontal, Then