A Perfectly Inelastic Supply Curve Is

question 76

Multiple Choice

A perfectly inelastic supply curve is

• A) an upward sloping straight line that intersects the origin.
• B) horizontal.
• C) vertical.
• D) downward sloping.

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Definitions:

Probability

The measure of how likely an event is to occur.

Rain

Precipitation in the form of water droplets that fall from clouds in the sky.

Exchange Student

A student who attends school or university in another country through an exchange program.

Probability

A numerical gauge on a scale from 0 to 1 reflecting how likely an event is to occur.