The supply curve for dorm rooms on a university campus is likely to be _____
A)downward sloping.
B)relatively flat.
C)vertical.
D)horizontal.
E)upward sloping.

Question

Quizplus · Accepted Answer

The supply curve for dorm rooms on a university campus is likely to be vertical because the number of dorm rooms is typically fixed and cannot be easily adjusted in the short run. Therefore, regardless of changes in demand or price, the quantity supplied remains constant.

The Supply Curve for Dorm Rooms on a University Campus