The price elasticity of supply for the market-day supply curve of fish is
A) equal to zero
B) equal to one
C) less than one
D) more than one
E) less than zero

Question

Quizplus · Accepted Answer

The market-day supply curve of fish is perfectly inelastic, meaning that the quantity supplied does not change in response to price changes, hence the price elasticity of supply is equal to zero.

The Price Elasticity of Supply for the Market-Day Supply Curve