A supply curve that is horizontal reflects a supply that …….
Select ONE answer:
- is elastic
- is unit elastic
- is inelastic
- has a zero elasticity
Explain the use of the supply and demand model to show how shifts in demand and supply curves cause the equilibrium price and quantity to change in real-world situations:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is a multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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