If the quantity supplied is the same regardless of price,what would the supply curve be
A)unit elastic
B)perfectly elastic
C)perfectly inelastic
D)inelastic

Question

Quizplus · Accepted Answer

If the quantity supplied remains constant or unchanged, regardless of the changes in price, then the supply curve will be perfectly inelastic. This can happen in situations where the production capacity of the suppliers is limited, or the raw materials required for the production are available in fixed quantities only. As a result, the suppliers cannot increase their output or supply even if the market price rises, and hence the supply remains the same. In such cases, the supply curve will be a vertical straight line, indicating a zero elasticity of supply.

If the Quantity Supplied Is the Same Regardless of Price,what