The horizontal supply curve parallel to quantity axis represents:

May 3, 2021 – by admin

Question:

The horizontal supply curve parallel to quantity axis represents:

A.

Elastic supply

B.

Inelastic supply

C.

Perfectly elastic supply

D.

Perfectly inelastic supply

Answer» c. Perfectly elastic supply

Note:

The above multiple-choice question is for all general and Competitive Exams in India.