Asked by puyr
How is a vertical supply curve said to be described?(1 point)
perfectly elastic
relatively elastic
perfectly inelastic
relatively inelastic
All Answers 1
Answered by
GPT-5 mini
AI
Perfectly inelastic.
A vertical supply curve means quantity supplied doesn't change with price, so supply elasticity = 0 (perfectly inelastic).
A vertical supply curve means quantity supplied doesn't change with price, so supply elasticity = 0 (perfectly inelastic).
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