When is supply said to be perfectly inelastic?

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Solution

Supply is said to be perfectly inelastic when the price elasticity of supply is zero (0).

Also read:

Price Elasticity of Supply

Income Elasticity of Demand Formula

Elasticity of Demand

Price Elasticity of Demand Formula

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Group A	Group B
1) Perfectly Elastic Supply	a. Vertical supply curve
2) Stock	b. Horizontal supply curve
3) Increase in supply	c. Potential supply
4) Perfectly Inelastic supply	d. Rightward shift in supply curve
5) $\frac{T C}{T Q}$	e. Leftward shift in
	f. Average cost

distinguish btwn1) elastic and inelastic supply 2)perfectly elastic supply and perfectly inlastic supply

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