IDNLearn.com helps you find the answers you need quickly and efficiently. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.
Sagot :
A vertical supply curve represents: an independent relationship between price and quantity supplied.
What is a vertical supply?
In a vertical supply, the amount that is being supplied is fixed and does not fluctuate when the price does. Because there is never any change in the quantity, the vertical supply is also known as a perfect inelastic supply
The supply's response to changes in price is measured by the price elasticity of the supply. It is determined by dividing the proportional change in the price by the proportional change in the amount delivered.
What Elements Might Impact the Supply Curve?
The supply curve can alter depending on a variety of variables, such as changes in production costs (such as those of labor and raw materials), advancements in technology, the amount of rivalry among sellers and manufacturers, and the regulatory and tax environment.
To learn more about vertical supply curve from given link
https://brainly.com/question/11167750
#SPJ4
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.
