A perfectly inelastic supply curve

a. cannot exist
b. is horizontal
c. has an elasticity of 0
d. has an elasticity of 1
e. is vertical

E

Economics

You might also like to view...

Refer to Table 8-18. What is the GDP deflator in 2016 if 2016 is the base year?

A) 120 B) 118 C) 100 D) 87

Economics

Those who administer poverty programs have strong incentives to _____

a. ignore the poor b. perpetuate poverty c. eliminate poverty d. that poverty is minimized

Economics