If the price elasticity of supply is equal to zero and the price was to rise, the quantity supplied would
A) decrease slightly.
B) fall to zero.
C) not change.
D) increase.

Question

Quizplus · Accepted Answer

If the price elasticity of supply is zero, it means that the quantity supplied is not responsive to changes in price. Therefore, there will be no change in the quantity supplied even if the price of the good or service rises.

If the Price Elasticity of Supply Is Equal to Zero