If the supply curve for a product is vertical, then what is the elasticity of supply?
A) equal to zero
B) equal to one
C) greater than one, but less than infinity
D) equal to infinity

Question

Quizplus · Accepted Answer

When the supply curve is vertical, it means that the quantity supplied is fixed and does not respond to changes in price. This is known as perfectly inelastic supply, and it implies that the elasticity of supply is equal to zero. Any change in price will not result in a change in the quantity supplied.

If the Supply Curve for a Product Is Vertical, Then