A perfectly inelastic supply curve will be _________.

parallel to Y axis or a vertical line

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parallel to X axis

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U shaped

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downward sloping

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Solution

The correct option is B parallel to Y axis or a vertical line
Perfectly inelastic supply curve is vertical to the y-axis. This implies a change in price will not result in any change in quantity supplied.

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A perfectly inelastic supply curve will be _________.

The correct option is B parallel to Y axis or a vertical linePerfectly inelastic supply curve is vertical to the y-axis. This implies a change in price will not result in any change in quantity supplied.

The correct option is B parallel to Y axis or a vertical line
Perfectly inelastic supply curve is vertical to the y-axis. This implies a change in price will not result in any change in quantity supplied.