WAEC - Economics (2011 - No. 9)
A supply curve which is vertical has an elasticity co-efficient of
0.0
0.5
1.5
2
Explicació
A vertical market supply curve is illustrated by a line running up and down on the graph. When a market supply curve is vertical, it represents that the quantity of that good is fixed no matter what the price of the good is. A vertical curve illustrates a good that has zero elasticity.