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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Supply
  5. Question
    If the Price Elasticity of Supply for a Good Is
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If the Price Elasticity of Supply for a Good Is

Question 66

Question 66

Multiple Choice

If the price elasticity of supply for a good is equal to infinity,then the


A) supply curve is vertical.
B) supply curve is horizontal.
C) supply curve also has a slope equal to infinity.
D) quantity supplied is constant regardless of the price.

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