If the quantity supplied is the same regardless of price,then supply is
A)elastic.
B)perfectly elastic.
C)perfectly inelastic.
D)inelastic.

Question

Quizplus · Accepted Answer

If the quantity supplied is the same regardless of price, it means that there is no responsiveness of the quantity of the supplied good to any price changes. In other words, the supply curve is vertical, and this is an example of perfect inelastic supply.

If the Quantity Supplied Is the Same Regardless of Price,then