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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
A horizontal supply curve parallel to the quantity axis implies that the Elasticity of Supply is

OR

Which Elasticity of Supply is shown by the supply curve parallel to X-axis?

  1. Zero.
  2. Infinite.
  3. Equal to one.
  4. Greater than zero but less than one.
✓

Answer

  1. Infinite.

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