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  3. Study Set
    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Supply
  5. Question
    When Supply Is Perfectly Elastic,the Value of the Price Elasticity
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When Supply Is Perfectly Elastic,the Value of the Price Elasticity

Question 18

Question 18

Multiple Choice

When supply is perfectly elastic,the value of the price elasticity of supply is


A) 0.
B) 1.
C) greater than 0 and less than 1.
D) infinity.

Correct Answer:

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