Economics (AS & A Level) · Oct / Nov 2023 · Paper 13 · Question 6
9708Price elasticity of supply
The supply curve for a firm is a horizontal straight line. What can be concluded from this statement?
- AQuantity supplied is infinite at the given price.
- BQuantity supplied is infinite below the given price.
- CQuantity supplied remains constant at all prices.
- DQuantity supplied is perfectly inelastic.
As printed in the paper
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Correct answer: A. Quantity supplied is infinite at the given price.
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