If quantity supplied is constant irrespective of price changes; the supply elasticity is?

By: |Published on: Oct 22|Categories: Economics JAMB| 0 comments

A. unitary
B. infinity
C. fairly elastic
D. perfectly inelastic

Correct Answer:

Option D – perfectly inelastic

Explanation

perfectly inelastic is a situation in which the price of a product will have no effect on the supply. This means that, a change in price would lead to no change in the quantity supplied

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