If the price elasticity of supply is equal to zero and the price were to rise, the quantity supplied would:
A)decrease slightly.
B)fall to zero.
C)not change.
D)increase.

Name: If the price elasticity of supply is equal to zero and the price were to rise, the quantity supplied would: A)decrease slightly. B)fall to zero. C)not change. D)increase.
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Question

Quizplus · Accepted Answer

When the price elasticity of supply is zero, it means that the quantity supplied is perfectly inelastic and does not change regardless of any change in price.

If the Price Elasticity of Supply Is Equal to Zero