A supply curve that is vertical
A) is perfectly inelastic. B) is impossible.
C) has an elasticity equal to 1. D) is perfectly elastic.
A
Economics
You might also like to view...
Which of the following statements about economic models is TRUE?
A) The best economic models must be most complex. B) A good model does not rely on any assumptions. C) Every model is based on a set of assumptions. D) Economic models are designed to explain what people need.
Economics
Personal income taxes rise and fall ______ income itself.
a. in exact proportion to b. by greater percentages than c. by smaller percentages than d. in direct opposition to
Economics