A perfectly inelastic supply curve is:
A)upward sloping to the right.
B)downward sloping to the left.
C)horizontal.
D)vertical.

Name: A perfectly inelastic supply curve is: A)upward sloping to the right. B)downward sloping to the left. C)horizontal. D)vertical.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

A perfectly inelastic supply curve is:
A)​upward sloping to the right.
B)​downward sloping to the left.
C)​horizontal.
D)​vertical.

Quizplus · Accepted Answer

A perfectly inelastic supply curve means that no matter the price, the quantity supplied remains the same. This is shown as a vertical line, indicating that the quantity supplied is completely unresponsive to changes in price.

A Perfectly Inelastic Supply Curve Is