If the supply curve is vertical, then supply is
A) relatively elastic.
B) perfectly elastic.
C) unit elastic.
D) perfectly inelastic.

Name: If the supply curve is vertical, then supply is A) relatively elastic. B) perfectly elastic. C) unit elastic. D) perfectly inelastic.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A vertical supply curve indicates that there is no change in the quantity supplied, regardless of any change in price. This is known as perfectly inelastic supply.

If the Supply Curve Is Vertical, Then Supply Is