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Question Practice

If the supply of a product is perfectly elastic, how would you describe the supply curve?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

If the supply of a product is ...

Single Answer MCQ
Q-00089590

If the supply of a product is perfectly elastic, how would you describe the supply curve?

1

It is a vertical line

2

It is a horizontal line

3

It slopes gently upwards

4

It slopes downwards

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