WAEC Economics 2018 Objective — Question 13
Question 13 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
A supply curve parallel to the x-axis indicates
- A. fairly elastic supply
- B. infinitely elastic supplyCorrect
- C. fairly inelastic supply
- D. perfectly inelastic supply
Explanation
A horizontal (parallel to the x-axis) supply curve represents perfectly (infinitely) elastic supply.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.