Question

supply of vintage car collection? a. unit elastic, b. perfectly elastic, c. perfectly inelastic, d. none of the above​

Answer 1

c) is the right and perfect answer.

Answer 2

The supply of vintage car collection is perfectly inelastic.

• Perfectly Inelastic Demand is when the demand is completely inelastic, the amount requested for a commodity doesn't change in light of a change in price.
• For example,  a life sustaining medicine has a perfectly inelastic demand as the individuals will follow through at any cost to acquire.
• Regardless of whether the cost of the medication would increment significantly, the amount requested would stay unaltered. Similarly, the vintage cars will follow the same pattern.