An infinitely elastic supply curve is parallel to the price axis.

1.	An infinitely elastic supply curve is parallel to the price axis.
Answer» <html><body><p></p>Solution :False.Infinetely <a href="https://interviewquestions.tuteehub.com/tag/elastic-967540" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTIC">ELASTIC</a> supply curve means that at the same price, <a href="https://interviewquestions.tuteehub.com/tag/quantity-1174212" style="font-weight:bold;" target="_blank" title="Click to know more about QUANTITY">QUANTITY</a> <a href="https://interviewquestions.tuteehub.com/tag/keeps-1063393" style="font-weight:bold;" target="_blank" title="Click to know more about KEEPS">KEEPS</a> on increasing. So, Infinitely elastic supply curve is <a href="https://interviewquestions.tuteehub.com/tag/parallel-1146369" style="font-weight:bold;" target="_blank" title="Click to know more about PARALLEL">PARALLEL</a> to the quantity <a href="https://interviewquestions.tuteehub.com/tag/axis-889931" style="font-weight:bold;" target="_blank" title="Click to know more about AXIS">AXIS</a> (X-axis) and not to price axis (Y-axis).</body></html>

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