WAEC Economics 2022 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
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In perfectly elastic supply, the supply curve
- A. is vertical
- B. is horizontalCorrect
- C. slopes upward
- D. slopes downward
Explanation
When supply is perfectly elastic, the supply curve is horizontal — quantity supplied can increase infinitely at a fixed price.
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