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The Supply Curve in a Market Is Vertical Instead of Upsloping

Question 323

Multiple Choice

The supply curve in a market is vertical instead of upsloping whenever


A) all buyers are willing to pay only one price for the item.
B) sellers have no flexibility in setting the price of the item.
C) buyers want to buy a fixed quantity regardless of price.
D) sellers have a fixed quantity of the item for sale.

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