A vertical supply curve indicates that?
ECONOMICS
JAMB 2001
A vertical supply curve indicates that?
- A. the quantity supplied is responsive to price
- B. the same fixed quantity will be supplied no matter the price
- C. an increase in price will result in an increase in the quantity supplied
- D. there is a fixed price for the commodity below which no supply will be made
Correct Answer: B. the same fixed quantity will be supplied no matter the price
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