The price elasticity of supply for the Hope Diamond is zero because there is only one. Therefore, the supply curve for the Hope Diamond is
A)elastic.
B)perfectly inelastic.
C)unit elastic.
D)perfectly elastic.

Name: The price elasticity of supply for the Hope Diamond is zero because there is only one. Therefore, the supply curve for the Hope Diamond is A)elastic. B)perfectly inelastic. C)unit elastic. D)perfectly elastic.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

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

The Price Elasticity of Supply for the Hope Diamond Is