A sudden,end-of-summer heat wave increases the demand for air conditioners and catches suppliers with no reserve inventories.The momentary supply for air conditioners is
A)perfectly elastic.
B)perfectly inelastic.
C)elastic.
D)shown by an upward-sloping curve.
E)shown by a horizontal curve.

Question

Quizplus · Accepted Answer

The momentary supply for air conditioners is perfectly inelastic because suppliers have no reserve inventories, meaning they cannot increase supply in response to the increased demand.

A Sudden,end-Of-Summer Heat Wave Increases the Demand for Air Conditioners