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  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    -If the Supply Curve Is ________,The Elasticity of Supply Is
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-If the Supply Curve Is ________,The Elasticity of Supply Is

Question 99

Question 99

Multiple Choice

  -If the supply curve is ________,the elasticity of supply is ________. A)  vertical; infinite B)  vertical; 0 C)  horizontal; 1 D)  horizontal; 0 E)  a straight, upward sloping line through the origin; 0
-If the supply curve is ________,the elasticity of supply is ________.


A) vertical; infinite
B) vertical; 0
C) horizontal; 1
D) horizontal; 0
E) a straight, upward sloping line through the origin; 0

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