What does a vertical supply curve imply?
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The vertical supply curve represents zero elasticity. That is, the quantity supplied is totally unresponsive to the change in the price of a good.
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The vertical supply curve represents zero elasticity. That is, the quantity supplied is totally unresponsive to the change in the price of a good. iv) An increase in supply means selling a larger amount at the same price. Explanation: Increase in supply implies that a larger quantity is supplied at the same price.
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