A Perfectly Inelastic Supply Curve Is A

question 216

Multiple Choice

A perfectly inelastic supply curve is a:

• A) vertical line indicating that a very large increase in price will increase the quantity supplied.
• B) vertical line indicating that even a very large increase in price won't increase the quantity supplied.
• C) horizontal line indicating that a very small increase in price will increase the quantity supplied.
• D) horizontal line indicating that even a very small increase in price won't increase the quantity supplied.

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Definitions:

Without Uttering

The act of conveying a message or expressing oneself without the use of spoken words.

Adaptive Selling

Salespersons’ ability to adjust and modify their behaviors to better align with their customers’ needs.

Modify

To make changes or alterations to something, often to improve it or to adapt it to different conditions.

Unspoken Message

Communication conveyed through non-verbal cues such as body language, tone of voice, or facial expressions, rather than spoken words.