What cab be a perfectly elastic supply curve

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Reference no: EM13245420

Elasticity of demand is a measure of the responsiveness of __________ to changes in price.

Over time the elasticity of supply for a particular good or service tends to become __________.

A tax on a service that has a relatively elastic demand and a relatively inelastic supply will be borne mainly by the __________.

A perfectly elastic supply curve can be shown graphically as __________.

A tax cut _______________ supply.

Reference no: EM13245420

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