Use the following figure to answer the question :
-A perfectly inelastic supply curve is
A)horizontal.
B)vertical.
C)positively sloped.
D)negatively sloped.

Question

Use the following figure to answer the question : 
-A perfectly inelastic supply curve is
A)horizontal. 
B)vertical. 
C)positively sloped. 
D)negatively sloped.

Quizplus · Accepted Answer

A perfectly inelastic supply curve means that the quantity supplied remains constant regardless of changes in price. This can only be represented by a vertical supply curve, where the price can change but the quantity supplied remains the same.

Use the Following Figure to Answer the Question