Statement I: a Perfectly Inelastic Supply Curve and a Perfectly

Multiple Choice

Statement I: A perfectly inelastic supply curve and a perfectly inelastic demand curve are represented the same way on a graph.
Statement II: A tax increase will increase supply.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.