Graph 5-5 -In Graph 5-5, which supply curve is perfectly inelastic? A)S1 B)S₂ C)S3 D)it is impossible to tell without more information

Name: Graph 5-5 -In Graph 5-5, which supply curve is perfectly inelastic? A)S1 B)S 2 C)S3 D)it is impossible to tell without more information
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Question

Quizplus · Accepted Answer

The supply curve S1 is perfectly inelastic because it is a vertical line, indicating that producers are unable or unwilling to change the quantity supplied regardless of changes in price.