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If a supply curve is a vertical line, it is ________, and if it is a horizontal line, it is ________.
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Mar 20, 2021
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If a supply curve is a vertical line, it is ________, and if it is a horizontal line, it is ________.
Mathematics
high-school
Mehul Rathod
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Mehul Rathod
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what's the answer choices
Joshbodily
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Mar 22, 2021
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If a supply curve is a vertical line, it is a perfectly inelastic supply. If it is a horizontal line, it is a perfectly elastic supply.
I attached an image below of an example of these types of curves.
Hope this helps :)
Sanorita
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Mar 25, 2021
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