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

Question

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

Quizplus · Accepted Answer

A perfectly inelastic supply curve is vertical, indicating that the quantity supplied is the same regardless of the price.

-The Figure Above Shows the Supply Curve for a Good