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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
Which of the following statements by a painter who sells paintings would be consistent with a perfectly inelastic supply curve?
A) "If the price increases, I will start working longer hours so I can sell even more paintings."
B) "Regardless of what the price of paintings is, I will be here everyday ready to sell the 5 paintings I can paint each day."
C) "If price falls any lower, I am packing up my brushes, shutting down my business, and moving to Tahiti."
D) "If the price falls lower, I will not work on Saturday and Sunday so I can enjoy my weekend but will still sell my paintings the rest of the week."
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kingbykingby
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#1
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Posts: 3218
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8 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
Great! Now we can move on to the next one
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