A vertical supply curve
A)is impossible except in the long run.
B)implies an elasticity of supply equal to zero.
C)implies an elasticity of supply equal to infinity.
D)indicates that suppliers are unwilling to produce the good.
E)indicates a shortage of the good.

Question

Quizplus · Accepted Answer

A vertical supply curve implies that the quantity supplied does not change in response to a change in price, indicating an elasticity of supply equal to zero. This would occur in situations where it is impossible for suppliers to increase production, such as with a limited resource or technology.

A Vertical Supply Curve