Final answer:
In the short run, when the supply curve is vertical, it indicates a perfectly inelastic supply. This means that regardless of changes in price, there will be no change in the quantity supplied.
Step-by-step explanation:
In this case, the supply curve is vertical, which means that the quantity supplied of the good is fixed in the short run. When the supply curve is vertical, In this case, the supply curve is vertical, which means that the quantity supplied of the good is fixed in the short run. When the supply curve is vertical, it indicates that the supply is perfectly inelastic. This means that regardless of changes in price, there will be no change in the quantity supplied. The supply is not responsive to price changes and remains fixed. it indicates that the supply is perfectly inelastic. This means that regardless of changes in price, there will be no change in the quantity supplied. The supply is not responsive to price changes and remains fixed.