Question

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

Answer 1

Answer:

it shouldn't be verticle because rare coins are not present in large amount

the it should bhe horizontal

Answer 2

In the case of rare coins, supply curve will be horizontal or vertical is as follows:

• In case of rare coins, supply curve will be vertical to the Y axis.
• On that product a fixed quantity of supply is represented by it.
• It happens because rare coins are uncommon and supply of it is so inelastic.
• Despite the increment of price, their supply cannot be changed.