-The figure above shows the supply curve for a good with
A) an inelastic supply.
B) an elastic supply.
C) a perfectly elastic supply.
D) a unit elastic supply.
E) a perfectly inelastic supply.

Question

-The figure above shows the supply curve for a good with
A) an inelastic supply. 
B) an elastic supply. 
C) a perfectly elastic supply. 
D) a unit elastic supply. 
E) a perfectly inelastic supply.

Quizplus · Accepted Answer

A perfectly inelastic supply curve is vertical, indicating that the quantity supplied does not change regardless of the price.

-The Figure Above Shows the Supply Curve for a Good