-The figure above shows the supply curve for a good with a
A) perfectly elastic supply.
B) perfectly inelastic supply.
C) elastic supply.
D) inelastic supply.
E) unit elastic supply.

Question

-The figure above shows the supply curve for a good with a
A) perfectly elastic supply. 
B) perfectly inelastic supply. 
C) elastic supply. 
D) inelastic supply. 
E) unit elastic supply.

Quizplus · Accepted Answer

The supply curve is perfectly elastic because it is a horizontal line, which means that the quantity supplied will change infinitely for any change in price.

-The Figure Above Shows the Supply Curve for a Good