In case of perfectly elastic supply:

CA Foundation · Business Economics · PYQS · January 2025
In case of perfectly elastic supply:
(A) A. Es > 1
(B) B. Es = 1
(C) C. Es = 0
(D) D. Es = ∞

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Es = ∞

Topics: Theory of Demand and Supply

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