Figure 7-14 -Refer to Figure 7-14. Which supply curve represents perfectly inelastic supply? A) S₁ B) S₂ C) S₃ D) It is impossible to tell without more information.

Name: Figure 7-14 -Refer to Figure 7-14. Which supply curve represents perfectly inelastic supply? A) S 1 B) S 2 C) S 3 D) It is impossible to tell without more information.
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A perfectly inelastic supply curve is vertical, indicating that the quantity supplied does not change regardless of the price.

Figure 7-14 -Refer to Figure 7-14. Which Supply Curve Represents Perfectly Inelastic