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Price Elasticity of Supply on a Graph
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Problem 10
Price Elasticity of Supply on a Graph
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4. Elasticity / Price Elasticity of Supply on a Graph / Problem 6
Problem 6
Which of the following best describes a perfectly elastic supply curve?
A
It is a vertical line indicating no responsiveness to price changes.
B
It is a line that cuts through the origin.
C
It is a line that slopes upward from left to right.
D
It is a horizontal line indicating infinite responsiveness to price changes.
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