There are a limited number of original Picasso paintings.This means that the supply of original Picasso paintings is perfectly elastic.

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If the supply of original Picasso paintings was perfectly elastic, this would mean that an increase in demand would lead to an infinite increase in supply. However, as there are a limited number of original Picasso paintings, the supply is not perfectly elastic. In fact, the supply is highly inelastic, which is one of the reasons why original Picasso paintings are so valuable.

There Are a Limited Number of Original Picasso Paintings