Question

(iv) In the case of rare coins, supply curve will be
(A) horizontal.
(B) vertical.
(C) backward bending
(D) positively sloped.​

Answer 1

Answer:b

Explanation:

Answer 2

In the case of rare coins the supply curve will be vertical which is option B.

● The stock bend or supply curve will be vertical or parallel to the Y pivot on account of uncommon or rare coins.

● Since these things are exceptional, the stockpile of rare coins is totally inelastic, their inventory can not change not withstanding the cost increment.

● For instance, if the rare coin supply is one hundred, it continues as before paying little mind to whether the their expense is 500 for every coin or 50,000 for each coin.