ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A vertical supply curve indicates that
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a change in price will have no effect on the quantity supplied.
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there is a direct relationship between price and quantity supplied.
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producers will increase their production.
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a price change will have a significant impact on the quantity supplied.
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Explanation:
Detailed explanation-1: -A vertical supply curve indicates that no matter the price, only X amount of a good or service will be offered at market. This seemingly strange phenomenon can occur if: In the spot market (a really, really short period of time) and quantity is limited. Was this answer helpful?
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