A. fairly elastic supply
B. infinitely elastic supply
C. fairly inelastic supply
D. perfectly inelastic
Correct Answer: Option B
B. infinitely elastic supply
Explanation
Infinitely elastic supply:- by definition, means that any decrease in the product price would immediately cause the supply to shift to zero
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…