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If the supply curve were a vertical straight line, this would indicate that

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If the supply curve were a vertical straight line, this would indicate that

If the supply curve were a vertical straight line, this would indicate that
A) producers would be willing to supply at a constant price as much of the product as consumers desired.
B) producers would be very responsive to price changes.
C) a change in price would not cause producers to alter their output.
D) a reduction in price would cause suppliers to reduce their output to zero.
E) supply was highly elastic.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

Read 69 times

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