Advertisements
Advertisements
प्रश्न
What is the implication of a vertical supply curve?
लघु उत्तरीय
Advertisements
उत्तर
The quantity supplied is fixed when the supply curve is vertical. The price has no bearing on it. This suggests a supply that is totally inelastic. It is typical for short-run production limits, unique art, and land. Only the price, not the amount, varies as demand shifts.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
