When supply is perfectly inelastic,the supply curve is
A) upward sloping but not a straight line.
B) vertical.
C) downward sloping.
D) horizontal.
E) a straight line with a 45 degree slope that goes through the origin.

Question

Quizplus · Accepted Answer

When supply is perfectly inelastic, it means that no matter the change in price, the quantity supplied remains the same. In other words, the supply curve is perfectly vertical, or at a 90 degree angle to the x-axis. This is because the quantity supplied does not respond to changes in the price, so the supply curve does not change at all.

When Supply Is Perfectly Inelastic,the Supply Curve Is