If a supply curve is a vertical line, it is , and if it is a horizontal line, it is .

Question

If a supply curve is a vertical line, it is ________, and if it is a horizontal line, it is ________.

asked Mar 20, 2021 181k views

2 Answers

Sanorita · Answer 1 · 2021-03-25T15:34:56+0000

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 :)

If a supply curve is a vertical line, it is ________, and if it is a horizontal-example-1

If a supply curve is a vertical line, it is , and if it is a horizontal line, it is .

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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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If a supply curve is a vertical line, it is , and if it is a horizontal line, it is .