what does a vertical supply curve imply?
Answers
Answered by
30
Explanation:
hópe this answer helps you
Attachments:
Answered by
2
Explanation:
This is a situation where there is a fixed quantity being supplied. This might occur because there is a fixed supply that can never be changed
example
there are only 200 seats in the theater.
Another possibility is that the supply is being provided by a monopoly that has determined the quantity that maximizes their profits and the monopoly only supplies that amount (determined where their marginal costs equals their marginal revenue). The monopolist could supply more but stops production where their profits are maximized.
Similar questions