Question

when supply curve is parallel to x axis elasticy of supply is ​

Answer 1

Answer:

In extreme cases if supply curve runs parallel to X-axis (zero slope), its elasticity will be infinity i.e. it will be perfectly elastic and if it runs parallel to Y-axis (slope infinite), its elasticity will be zero i.e., supply will be perfectly inelastic.

Answer 2

Answer:

In extreme cases if supply curve runs parallel to X-axis (zero slope), its elasticity will be infinity i.e. it will be perfectly elastic and if it runs parallel to Y-axis (slope infinite), its elasticity will be zero i.e., supply will be perfectly inelastic.