A Vertical Supply Curve

question 79

Multiple Choice

A vertical supply curve

• A)is impossible except in the long run.
• B)implies an elasticity of supply equal to zero.
• C)implies an elasticity of supply equal to infinity.
• D)indicates that suppliers are unwilling to produce the good.
• E)indicates a shortage of the good.

---

Definitions:

Enrolled

Registered or signed up for a course, program, or institution.

Freshmen

A term typically used in the United States to describe a first-year student in high school or college.

Penn State University

A public research university with its main campus located in State College, Pennsylvania.

Better Buy

A comparative evaluation of products or deals to determine which offers the best value for money.