A perfectly inelastic supply is represented by a ________ supply curve.
A)vertical
B)downward sloping
C)horizontal
D)upward sloping

Name: A perfectly inelastic supply is represented by a ________ supply curve. A)vertical B)downward sloping C)horizontal D)upward sloping
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Question

Quizplus · Accepted Answer

A perfectly inelastic supply means that regardless of the change in price, the quantity supplied will remain constant. This is best represented by a vertical supply curve as it shows a fixed quantity supplied at all prices.

A Perfectly Inelastic Supply Is Represented by a ________ Supply