If sellers do not adjust their quantities supplied at all in response to a change in price,
A) advances in technology must be prevalent.
B) the time period under consideration must be very long.
C) supply is perfectly elastic.
D) supply is perfectly inelastid.

Question

Quizplus · Accepted Answer

Supply is perfectly inelastic when sellers do not change the quantity supplied regardless of changes in price.

If Sellers Do Not Adjust Their Quantities Supplied at All