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Indicate the Degree of Elasticity of a Supply Curve Parallel to the X-axis. - ICSE Class 10 - Economics

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Question

Indicate the degree of elasticity of a supply curve parallel to the X-axis.

Solution

A horizontal straight line supply curve which is parallel to the x-axis shows an infinite supply corresponding to a particular price. When Es = ∞, even a minute change in price will cause an infinite change in quantity. Hence, the elasticity of the supply curve is parallel to the x-axis.

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 4.1 | 2.00 marks
Solution Indicate the Degree of Elasticity of a Supply Curve Parallel to the X-axis. Concept: Elasticity of Demand and Elasticity of Supply.
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