--%>

Explain about perfectly price elastic supply curve

I have a problem on perfectly price elastic supply curve that is given below:

A perfectly price elastic supply curve is: (w) vertical. (x) horizontal. (y) positively sloped. (z) negatively sloped.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Managerial Economics

  • Q : Recovery - Phases of business cycle

    Explain about the term Recovery in phases of business cycle.

  • Q : Estimate demand The Real Kool Toys

    The Real Kool Toys Company manufactures and sells educational toys. An empirical demand function for one of the firm's products has been estimated over the last 21 quarters using regression analysis. The estimated demand function is: QY = -8,000 - 5,000PY + 192A + 120I + 2,000PX (6,000) (1,000)

  • Q : Illustrates the barometric pricing

    Illustrates the barometric pricing briefly?

  • Q : Determine market supply of labor The

    The market supply of labor is the sum of the: (1) quantities of labor supplied by households at each wage. (2) wages paid to households for each quantity supplied. (3) quantities demanded by firms at each wage. (4) marginal products of labor at each l

  • Q : Explain the Geometric Method of

    Explain the Geometric Method of Measurement of Elasticity.

  • Q : What are the Methods of Demand

    What are the Methods of Demand Forecasting?

  • Q : When does production take place

    Production takes place while: (w) resources are transformed within inputs. (x) goods are transformed in raw materials. (y) inputs are transformed to create them more valuable. (z) capital depreciates. Please choose

  • Q : Illustrates the types of Demand

    Illustrates the types of Demand Forecasting?

  • Q : What are the certain assumptions in

    What are the certain assumptions in production functions?

  • Q : Analysis of Costs and Revenue with

    Refer to below figure. Assume that the firm is currently producing Q2units. What occurs if this expands output to Q3units: w) Its profit raises by the size of the vertical distance df. x) this makes less profit. y) this incurs a loss. z) this wil