A supply curve that is horizontal reflects a supply that
A) is elastic.
B) is inelastic.
C) is unit elastic.
D) has a zero elasticity.

Name: A supply curve that is horizontal reflects a supply that A) is elastic. B) is inelastic. C) is unit elastic. D) has a zero elasticity.
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Question

Quizplus · Accepted Answer

A horizontal supply curve indicates that the quantity supplied is highly responsive to price changes, meaning it is perfectly elastic.

A Supply Curve That Is Horizontal Reflects a Supply That