Draw a perfectly inelastic supply curve

1.	Draw a perfectly inelastic supply curve
Answer» Explanation: Perfect inelastic supply is when the PES formula equals 0. That is, there is no change in QUANTITY supplied when the price CHANGES. Examples include PRODUCTS that have limited quantities, such as LAND or PAINTING from deceased artists.

Answer»

Explanation:

Perfect inelastic supply is when the PES formula equals 0. That is, there is no change in QUANTITY supplied when the price CHANGES. Examples include PRODUCTS that have limited quantities, such as LAND or PAINTING from deceased artists.

Discussion

No Comment Found

Related InterviewSolutions

Can anybody tell me which is the smallest country in all over worlddd,..???
how many season's do you think there are describe the natural activity that take place during the season s
Black eesidue having a high carbon content released by power plants.
Which of the following ecosystems is found in a tropical coastal region and is characterized by trees with long roots that prop them up over the salty waters? A. the Sahara Desert B. a mangrove C. the Serengeti D. the Sahel Please select the best answer from the choices provided A B C D
Describe how volcanic hot spots and their distribution differs from that of other types of volcanos.
Asoka's army is known for all these exept
What is meant by the word "mio-pliocene"?
how remote sensing image processing techniques is different from other image processing techniques like medical imaging .?
In which province Murree is?
Name the famous hill stations of Western Ghats.(a) Purvanchal (b) Kongan (c) Udagamandalam (d) Goodaloor

Draw a perfectly inelastic supply curve​

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment

Draw a perfectly inelastic supply curve