If a supply curve is horizontal, then supply is said to be perfectly elastic, and the price elasticity of supply approaches infinity.

Name: If a supply curve is horizontal, then supply is said to be perfectly elastic, and the price elasticity of supply approaches infinity.
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Quizplus · Accepted Answer

A horizontal supply curve indicates that suppliers are willing to supply any quantity at a given price, meaning the price elasticity of supply is indeed perfectly elastic, approaching infinity.

If a Supply Curve Is Horizontal, Then Supply Is Said