A perfectly elastic price elasticity of supply is represented by which type of line on a graph?

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Multiple Choice

A perfectly elastic price elasticity of supply is represented by which type of line on a graph?

Explanation:
Perfectly elastic supply means producers are willing to supply any quantity at the prevailing price. On a graph, that shows up as a horizontal line at that price: the price stays the same while the quantity can adjust freely. A vertical line would mean the quantity supplied doesn’t change at all when price changes (perfectly inelastic). Upward- or downward-sloping lines depict more typical, less-than-infinite responsiveness.

Perfectly elastic supply means producers are willing to supply any quantity at the prevailing price. On a graph, that shows up as a horizontal line at that price: the price stays the same while the quantity can adjust freely. A vertical line would mean the quantity supplied doesn’t change at all when price changes (perfectly inelastic). Upward- or downward-sloping lines depict more typical, less-than-infinite responsiveness.

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