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    Exam 6: Elasticity: the Responsiveness of Demand and Supply
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    If a Supply Curve Is a Horizontal Line, Supply Is
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If a Supply Curve Is a Horizontal Line, Supply Is

Question 226

Question 226

Multiple Choice

If a supply curve is a horizontal line, supply is said to be


A) perfectly inelastic.
B) unit elastic.
C) inelastic.
D) perfectly elastic.

Correct Answer:

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