What is the direction of a perfectly inelastic supply curve?
A) vertical
B) upward sloping to the right
C) horizontal
D) downward sloping to the left

Name: What is the direction of a perfectly inelastic supply curve? A) vertical B) upward sloping to the right C) horizontal D) downward sloping to the left
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Question

Quizplus · Accepted Answer

A perfectly inelastic supply curve means that the quantity supplied does not change regardless of changes in price, resulting in a vertical line.

What Is the Direction of a Perfectly Inelastic Supply Curve