Price elasticity of supply is perfectly inelastic if the coefficient of price elasticity of supply is
A)infinity.
B)1.
C)0.
D)-1.

Name: Price elasticity of supply is perfectly inelastic if the coefficient of price elasticity of supply is A)infinity. B)1. C)0. D)-1.
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Question

Quizplus · Accepted Answer

Price elasticity of supply is perfectly inelastic when the coefficient of price elasticity of supply is 0, indicating that the quantity supplied does not change in response to a price change.

Price Elasticity of Supply Is Perfectly Inelastic If the Coefficient