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

CA Foundation · Business Economics · MTP · September 2025
A vertical supply curve parallel to Y axis implies that the elasticity of supply is:
(A) A. Zero
(B) B. Infinity
(C) C. Equal to One
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Zero

Topics: Theory of Demand and Supply

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