If the supply curve is a vertical line, it means that
A) regardless of price, the quantity supplied is a constant amount.
B) regardless of quantity, the price is a constant amount.
C) the good is inferior.
D) the good has many substitutes.

Question

Quizplus · Accepted Answer

A vertical supply curve indicates that the quantity supplied is fixed at a specific amount, and does not change regardless of the price. This is often seen in situations where the production of the good is limited by factors such as a fixed amount of resources or production capacity.

If the Supply Curve Is a Vertical Line, It Means