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Elasticity of Demand

A vertical su...

Question

A vertical supply curve parallel to Y axis implies that the elasticity of supply is?

A

Zero

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B

Infinity

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C

Equal to one

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D

Greater than zero but less than infinity

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Solution

The correct option is A Zero
A vertical supply curve parallel to Y axis implies that the elasticity of supply is zero.

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Similar questions

Q. A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is?

Q. A horizontal supply curve parallel to the quantity axis (X-axis) implies that the elasticity of supply is _______.

Q. Indicate the degree of elasticity of a supply curve parallel to the X-axis.

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Q. Write True or False with a reason.
If a straight line upward sloping supply curve shoots from the Y-axis, elasticity of supply

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