When supply curve is a vertical straight line, it indicates ___________. *
(a)unitary elastic supply
(b)perfectly elastic supply
(c)perfectly inelastic supply
(d)relatively elastic supply
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3
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- A vertical supply curve indicates that no matter the price, only X amount of a good or service will be offered at market.
- This seemingly strange phenomenon can occur if: In the spot market (a really, really short period of time) and quantity is limited.
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9
Answer:
3 is the answer(reference google)
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