If the percentage change in quantity supplied is 0% and the percentage change in price is 10% then the supply for the good is
A)Elastic
B)Inelastic
C)Unit elastic
D)Perfectly inelastic

Question

Quizplus · Accepted Answer

When the percentage change in quantity supplied is 0%, it means that the supply is not affected by the change in price. If the percentage change in price is 10%, but there is no change in quantity supplied, this means that the supply is perfectly inelastic, as the quantity supplied does not respond to changes in the price.

If the Percentage Change in Quantity Supplied Is 0% and the Percentage