Question

In case of ______, supply curve is a vertical straight line parallel to the Y-axis.

पर्याय

• Perfectly Elastic Supply

• Unitary Elastic Supply

• Perfectly Inelastic Supply

• Less Elastic Supply

Answer 1

In case of Perfectly Inelastic Supply, supply curve is a vertical straight line parallel to the Y-axis.

Explanation:

In the case of Perfectly Inelastic Supply, the supply curve is a vertical straight line parallel to the Y-axis. This indicates that the quantity supplied remains constant regardless of price changes. No matter how much the price increases or decreases, the quantity supplied does not change.