Es DARWIN The Origin of Species E) perlecty inelastic. Price (dollars) Quantity

Question

Es DARWIN The Origin of Species E) perlecty inelastic. Price (dollars) Quantity (units per year) 32) The figure above shows the supply curve for a good with a A) perfectly elastc suppy B) perfecty ineastic supply C) elastic supply DI inelastic supply El unit elastic supply. 33) When the percentage change in the cuantty suppid euals thepercentage change in grice, the supply 's A) elastic B) inelastic C) unit elastc D) perfectly elasic. E) perfecty inelasic 34) When the percertage change in the quantty supplied is less than the percentsge change in price,tre supply is Al elastic B) inelashic. C) unt elassc. perfect, unteatic. El perfecty elastc

Explanation / Answer

First question is answered below

1.

Correct option: perfectly elastic supply curve

Reason: A horizontal supply curve shows how minor change in price will drastically impact quantity supplied, thereby making the curve perfectly elastic.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.