menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles
  4. Exam
    Exam 5: Elasticity
  5. Question
    A Perfectly Inelastic Supply Curve
Solved

A Perfectly Inelastic Supply Curve

Question 10

Question 10

Multiple Choice

A perfectly inelastic supply curve


A) cannot exist
B) is horizontal
C) has an elasticity of 0
D) has an elasticity of 1
E) is vertical

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 5-11 shows

Q6: A less elastic demand for a good

Q7: Demand for a good is likely to

Q8: If the demand for good A is

Q9: A local store noticed that when it

Q11: A price elasticity of demand of 2

Q12: As a result of heavy spring rains

Q13: For which of the following goods is

Q14: When a one-percent change in price is

Q15: The more available substitutes there are for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines