In perfectly elastic supply, the supply curve

In perfectly elastic supply, the supply curve
A. is vertical
B. is horizontal
C. slopes downward
D. slopes upward
Correct Option: Answer is B
A perfectly elastic supply curve is a theoretical curve that shows that the quantity supplied of a good is perfectly responsive to changes in price. This means that a small change in price will lead to a large change in quantity supplied. The supply curve is therefore horizontal, meaning that the price is the only factor that affects the quantity supplied.

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