If the supply curve is vertical, then supply is
A) relatively elastic.
B) perfectly elastic.
C) perfectly inelastic.
D) relatively inelastic.

Name: If the supply curve is vertical, then supply is A) relatively elastic. B) perfectly elastic. C) perfectly inelastic. D) relatively inelastic.
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Question

Quizplus · Accepted Answer

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

If the Supply Curve Is Vertical, Then Supply Is