When the supply curve is vertical,the elasticity of supply is_________

1.	When the supply curve is vertical,the elasticity of supply is________________
Answer» Answer: A VERTICAL SUPPLY curve is said to be perfectly inelastic. A horizontal supply curve is said to be perfectly elastic. The price ELASTICITY of supply is greater when the length of time under consideration is LONGER because over time producers have more OPTIONS for adjusting to the change in price

When the supply curve is vertical,the elasticity of supply is________________

Answer»

Answer:

A VERTICAL SUPPLY curve is said to be perfectly inelastic. A horizontal supply curve is said to be perfectly elastic. The price ELASTICITY of supply is greater when the length of time under consideration is LONGER because over time producers have more OPTIONS for adjusting to the change in price

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When the supply curve is vertical,the elasticity of supply is________________​

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When the supply curve is vertical,the elasticity of supply is________________