If there is no change in demand that will cause a change in the price then the supply for the good is
A)Perfectly elastic
B)Inelastic
C)Perfectly unit elastic
D)Perfectly inelastic

Question

Quizplus · Accepted Answer

Perfectly elastic supply means that the quantity supplied will increase infinitely for any increase in price. This means that the supply curve is a horizontal line, and any change in demand will not cause a change in the price.

If There Is No Change in Demand That Will Cause