If the price elasticity of supply in the kiwi fruit industry ...

[bobthebuilder]

If the price elasticity of supply in the kiwi fruit industry equals 1, supply is
 a. perfectly elastic
  b. relatively elastic
  c. unit elastic
  d. relatively inelastic
  e. perfectly inelastic

Question 2

If supply is perfectly elastic, the supply curve is
 a. vertical
  b. horizontal
  c. any straight-line supply curve
  d. any supply curve intersecting a perfectly elastic demand curve
  e. any supply curve intersecting a demand curve which is unit elastic

[mjenn52]

Answer to Question 1

C

Answer to Question 2

B

[bobthebuilder]

Excellent

[ryhom]

Thanks for the timely response, appreciate it