Suppose that the price elasticity of supply for the Hope Diamond is zero.Therefore,the supply curve for the Hope Diamond is:
A)elastic.
B)perfectly inelastic.
C)unitary elastic.
D)perfectly elastic.

Name: Suppose that the price elasticity of supply for the Hope Diamond is zero.Therefore,the supply curve for the Hope Diamond is: A)elastic. B)perfectly inelastic. C)unitary elastic. D)perfectly elastic.
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Question

Quizplus · Accepted Answer

Supply is perfectly inelastic with respect to price if elasticity is zero.

Suppose That the Price Elasticity of Supply for the Hope