Answered: What is the direction of a perfectly…

What is the direction of a perfectly inelastic supply curve? vertical upward sloping to the right O horizontal downward sloping to the left

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section6.4: The Relationship Between Taxes And Elasticity

Problem 2ST

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Question

What is the direction of a perfectly inelastic supply curve?
vertical
upward sloping to the right
horizontal
O downward sloping to the left

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