A perfectly elastic supply curve is:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
Perfectly elastic supply means producers are willing to supply any quantity at one specific price, but none at a lower price. The supply curve becomes horizontal.
Perfectly elastic supply means producers are willing to supply any quantity at one specific price, but none at a lower price. The supply curve becomes horizontal.