If the price elasticity of supply is equal to zero,then supply is perfectly inelastic.

Question

Quizplus · Accepted Answer

When the price elasticity of supply is equal to zero, it means that the percentage change in quantity supplied is zero for any change in price. This implies that the supply is completely unresponsive to changes in price, making it perfectly inelastic. Therefore, the statement "If the price elasticity of supply is equal to zero, then supply is perfectly inelastic" is true.

If the Price Elasticity of Supply Is Equal to Zero,then