Multiple Choice
When supply is perfectly elastic,the value of the price elasticity of supply is
A) greater than 0 and less than 1.
B) 0.
C) 1.
D) infinity.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: In the early 1970s,OPEC's goal was to<br>A)decrease
Q16: When demand is inelastic,the price elasticity of
Q17: Figure 5-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 5-6
Q32: Which of the following statements is valid
Q137: Demand is said to have unit elasticity
Q213: Demand is said to be inelastic if
Q224: Table 5-5<br>The following table shows a portion
Q281: Which of the following should be held
Q284: For a particular good,a 10 percent increase
Q404: Table 5-3<br>The following table shows the demand