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Question Practice

What does a perfectly elastic supply curve represent?

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

What does a perfectly elastic ...

Single Answer MCQ
Q-00089557

What does a perfectly elastic supply curve represent?

1

Producers will supply any amount at a specific price

2

Supply is fixed regardless of price

3

Producers will stop supply if price falls

4

Demand exceeds supply at lower prices

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