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Money Supply and Inflation

A horizontal ...

Question

A horizontal supply curve parallel to the quantity axis (X-axis) implies that the elasticity of supply is _______.

A

zero

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B

Infinity

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C

equal to one

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D

greater than zero but less than infinity

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Solution

The correct option is B Infinity
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is Infinite

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