Multiple Choice
If the supply of a factor is perfectly inelastic,then
A) no more than the existing quantity can be supplied.
B) the supply curve is horizontal.
C) sellers will provide whatever quantity is demanded at the going price.
D) a rise in price results in no quantity being supplied.
E) a fall in price results in no quantity being supplied.
Correct Answer:

Verified
Correct Answer:
Verified
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