Multiple Choice
If the supply curve for a product is horizontal, then what is the elasticity of supply?
A) equal to zero
B) equal to one
C) greater than one, but less than infinity
D) equal to infinity
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q97: A 5 percent increase in the price
Q98: The cross-price elasticity between soda and salty
Q99: Demand is elastic when the price elasticity
Q100: If demand is unit elastic, what is
Q102: Ceteris paribus, if a 4 percent increase
Q103: Suppose that Lance purchases one pizza per
Q104: Iron Mike's steel mill finds that a
Q105: Suppose that Percy eats a 200-gram steak
Q106: When the price of ulcer medication increased
Q269: Arrange the following goods from least to