A service or commodity has a ____, if a given quantity of it can be supplied whatever might be the price.
(a) Relatively less elastic supply
(b) Unitary elastic supply
(c) Perfectly elastic supply
(d) Perfectly inelastic supply
Answers
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Answer:
(d) Perfectly inelastic supply
Explanation:
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Answer:
perfectly inelastic supply
Explanation:
A service or commodity has a perfectly inelastic supply if a given quantity of it can be supplied whatever might be the price. The elasticity of supply for such a service or commodity is zero. A perfectly inelastic supply curve is a straight line parallel to the Y-axis.
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