How would you algebraically write a perfectly elastic supply?
Will it be infinite at price = 4? (The choice of the number 4 is completely arbitrary)
Economics Stack Exchange is a question and answer site for those who study, teach, research and apply economics and econometrics. It only takes a minute to sign up.
Sign up to join this communityHow would you algebraically write a perfectly elastic supply?
Will it be infinite at price = 4? (The choice of the number 4 is completely arbitrary)
Yeah, that's pretty much it for any horizontal or vertical line:
P = p0