A perfectly inelastic supply curve is:
A)upward sloping to the right.
B)downward sloping to the left.
C)horizontal.
D)vertical.
E)any of the above.

Question

Quizplus · Accepted Answer

A perfectly inelastic supply curve means that the quantity supplied is completely unresponsive to a change in price. This can only occur when the supply curve is vertical, indicating that the quantity supplied remains the same regardless of the price level.

A Perfectly Inelastic Supply Curve Is