Multiple Choice
If the supply of a good is perfectly inelastic, the price elasticity of supply will equal
A) positive infinity.
B) one.
C) zero.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q105: The income elasticity of demand<br>A) is positive
Q106: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q107: Relative percentage changes are used in measuring
Q108: Charlie's income went from $1000 per week
Q109: "Unit elasticity of demand can be found
Q111: Suppose that when the price of donuts
Q112: When there are very few substitutes for
Q113: When the absolute price elasticity of demand
Q114: "Higher prices always yield higher revenues." Do
Q115: A vertical supply curve may be described