A perfectly elastic supply curve is:
A)upward sloping to the right.
B)downward sloping to the left.
C)horizontal.
D)vertical.

Question

A perfectly elastic supply curve is:
A)​upward sloping to the right.
B)​downward sloping to the left.
C)​horizontal.
D)​vertical.

Quizplus · Accepted Answer

A perfectly elastic supply curve means that quantity supplied is infinitely responsive to changes in price. In other words, producers are willing and able to supply an infinite amount at a given price. This is represented by a horizontal supply curve, as the quantity supplied does not change with changes in price.

A Perfectly Elastic Supply Curve Is