Economics · Theory of Supply
Consider a supply curve of the form Q = C + dP. If parameter 'd' equals zero, then the supply curve is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Relatively inelastic
- 2Relatively elastic
- 3Perfectly elastic
- 4Perfectly inelastic✓
Correct answer
Perfectly inelastic
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