Figure 5-16
-Refer to Figure 5-16.Which supply curve represents perfectly inelastic supply?
A) S1
B) S2
C) S3
D) None of the supply curves is perfectly inelastic.

Question

Figure 5-16 
-Refer to Figure 5-16.Which supply curve represents perfectly inelastic supply?
A) S1 
B) S2 
C) S3 
D) None of the supply curves is perfectly inelastic.

Quizplus · Accepted Answer

The perfectly inelastic supply is depicted by a vertical supply curve because, in this type of supply, the quantity supplied remains constant even if the price changes. In the figure, S1 is the only vertical line, indicating a perfectly inelastic supply.

Figure 5-16 -Refer to Figure 5-16.Which Supply Curve Represents Perfectly Inelastic Supply