The supply curve for tickets for a sporting event
A) is perfectly inelastic.
B) is vertical.
C) has a price elasticity of zero.
D) All of the above.

Question

Quizplus · Accepted Answer

The supply curve for tickets for a sporting event is perfectly inelastic, meaning it does not change with price. This is represented by a vertical supply curve, which also implies a price elasticity of zero. All these descriptions are equivalent ways of expressing the concept of a perfectly inelastic supply.

The Supply Curve for Tickets for a Sporting Event