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A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is
  • a)
    zero
  • b)
    infinite
  • c)
    equal to one
  • d)
    greater than zero, but less than one
Correct answer is option 'B'. Can you explain this answer?
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A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply isa)zerob)infinitec)equal to oned)greater than zero, but less than oneCorrect answer is option 'B'. Can you explain this answer?
Question Description
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply isa)zerob)infinitec)equal to oned)greater than zero, but less than oneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply isa)zerob)infinitec)equal to oned)greater than zero, but less than oneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply isa)zerob)infinitec)equal to oned)greater than zero, but less than oneCorrect answer is option 'B'. Can you explain this answer?.
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