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Which of the Following Mostly Likely Has a Perfectly Inelastic

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Which of the following mostly likely has a perfectly inelastic supply curve?


Definitions:

Medicare

Medicare is a federal health insurance program in the United States primarily for people who are 65 years or older, and for some younger people with disabilities.

Social Security

A U.S. government program that provides retirement, disability, and survivors' benefits funded through payroll taxes.

Form W-2

Form W-2 is an IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Gross Wages

The total amount of an employee's earnings before any deductions are made for taxes, benefits, and other payroll withholdings.

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