A vertical supply curve parallel to Y axis implies that the elasticity of supply is:

CA Foundation · Business Economics · MTP · April 2025
A vertical supply curve parallel to Y axis implies that the elasticity of supply is:
(A) A. Infinity
(B) B. Zero
(C) C. Greater than zero but less than infinity
(D) D. Equal to one

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Zero

Topics: Theory of Demand and Supply

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