In perfectly elastic supply the supply curve - JAMB Economics 2022 Question
In perfectly elastic supply, the supply curve
A
is vertical
B
is horizontal
C
slopes upward
D
slopes downward
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Correct Option: B
Option B is the correct answer.
When the supply curve is precisely horizontal, a perfect elastic supply curve is present. It is a theoretical curve, and one like it doesn't really exist in reality.
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