Elasticity of supply is said to be perfectly inelastic when
A. Supply doesn’t change with a change in price.
B. There is an indefinite supply at a particular price
C. Percentage change in supply is equal to percentage change in price
D. Percentage change in supply is more than percentage change in price.
Answer:A
Elasticity of supply is said to be perfectly inelastic when
A. Supply doesn’t change with a change in price. B. There is an indefinite supply at a particular price C. Percentage change in supply is equal to percentage change in price D. Percentage change in supply is more than percentage change in price.