If the price elasticity of supply is zero,then
A)supply is more elastic than it is in any other case.
B)the supply curve is horizontal.
C)the quantity supplied is the same,regardless of price.
D)a change in demand will cause a relatively small change in the equilibrium price.

Question

Quizplus · Accepted Answer

When the price elasticity of supply is zero, it means that the quantity supplied does not change regardless of changes in price, indicating a perfectly inelastic supply.

If the Price Elasticity of Supply Is Zero,then