What Does the Elasticity of a Perfectly Elastic Supply Curve

question 58

Multiple Choice

What does the elasticity of a perfectly elastic supply curve equal

• A)0
• B)1
• C)infinity
• D)a value less than 1 but greater than 0

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The amount of earnings left over after all operational, financial, and tax expenses have been deducted from revenues, indicating the company's profitability.