A supply curve that is vertical
A)is perfectly elastic.
B)is perfectly inelastic.
C)is impossible.
D)has an elasticity equal to 1.

Name: A supply curve that is vertical A)is perfectly elastic. B)is perfectly inelastic. C)is impossible. D)has an elasticity equal to 1.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

A vertical supply curve indicates that the quantity supplied does not respond to price changes, meaning that the supply is perfectly inelastic.

A Supply Curve That Is Vertical