Perfectly inelastic supply will MOST likely occur in the:
A) very short run.
B) short run.
C) very long run.
D) long run.

Name: Perfectly inelastic supply will MOST likely occur in the: A) very short run. B) short run. C) very long run. D) long run.
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Question

Quizplus · Accepted Answer

Perfectly inelastic supply is most likely to occur in the very short run because producers do not have enough time to adjust their quantity supplied in response to price changes.

Perfectly Inelastic Supply Will MOST Likely Occur in The