Question

In the case of rare coins,supply curve will be?

Answer 1

In the case of rare coins, the supply curve will be vertical.

• Because in this case, the supply curve becomes inelastic.

• The supply curve will be rarely in vertical, it represents a limited amount of supply on the product.

• The vertical line indicates that goods have zero elasticity that means inelastic.

• In the case of rare coins, the supply curve cannot be increased or decreased, it will be a vertical line.