When the supply of a commodity is fixed, its price elasticity of supply is said to be ____________ - SchoolNGR

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When the supply of a commodity is fixed, its price elasticity of supply is said to be ...

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Economics
Post Utme
Economics

When the supply of a commodity is fixed, its price elasticity of supply is said to be ____________

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Perfectly elastic
B Perfectly inelastic
C Undefined
D Elastic
E Inelastic

Correct Answer: Option B

Explanation:

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