Question

When change in the quantity supplied is proportionate to the change in the price, the producer is said to have______:

Perfectly elastic supply
Relatively elastic supply
Unitary elastic supply
Perfectly inelastic supply

Answer 1

Answer:

'Perfectly elastic supply' is the correct option!

Hope it helps!

Answer 2

Answer:

The answer is Perfectly elastic supply

Explanation:

Refers to items that have a price elasticity of deliver fee identical to infinity. This essentially way that any amount of a good can be furnished at the prevailing price, but nothing is supplied underneath this prevailing price.

If consumers are not willing to pay Rs 1000, then the supply will become zero because it is not profitable to produce apple. This is an example of perfectly elastic supply

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