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Question
In case of ______ supply curve is a vertical straight line parallel to Y-axis.
Options
Perfectly elastic
Unitary elastic
Perfectly inelastic
Less elastic
MCQ
Fill in the Blanks
Solution
In case of Perfectly inelastic supply curve is a vertical straight line parallel to Y-axis.
Explanation:
The supply curve is a vertical straight line parallel to the Y-axis when supply is perfectly inelastic.
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