If the Supply Curve for Good X Is Vertical, Then

question 53

True/False

If the supply curve for good X is vertical, then the demand for good X must be perfectly inelastic.

---

Definitions:

Shays's Rebellion

An armed uprising in Western Massachusetts and Worcester in response to high debt and tax burdens in 1786 and 1787.

Massachusetts

Massachusetts is a U.S. state in New England known for its significant historical landmarks, higher education institutions, and influential role in American history.

Black Spy

Can refer to a spy who is of African descent or to a participant in espionage activities focused on African American communities or interests.

Battle of Yorktown

The decisive victory by American and French forces over the British Army in 1781, marking a turning point in the American Revolutionary War.