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Under which scenario does the supply curve become parallel to the y-axis?

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Question

Under which scenario does the supply curve become parallel to the y-axis?

Very Short Answer
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Solution

The supply curve becomes parallel to the Y-axis under the scenario of Perfectly Inelastic Supply (Es = 0).

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Chapter 4: Theory of Supply - Exercise [Page 117]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
Exercise | Q 30. | Page 117
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