Which good is MOST likely to have a vertical supply curve?
A)pepper
B)olive oil
C)prescription drugs
D)sculptures by Michelangelo

Question

Quizplus · Accepted Answer

A vertical supply curve represents a situation where the quantity supplied is completely inelastic, meaning it does not change regardless of the price. Michelangelo's sculptures are a perfect example of this, as no more can be created regardless of the demand or price, making the supply strictly limited and inelastic.

Which Good Is MOST Likely to Have a Vertical Supply