Respuesta :

5starswelding

If a demand curve is perfectly vertical (up and down) then we say it is perfectly inelastic. If the curve is not steep, but instead is shallow, then the good is said to be “elastic” or “highly elastic.” This means that a small change in the price of the good will have a large change in the quantity demanded.


A vertical supply curve means the same quantity that will be supplied at all prices. One way to look at the curve is to imagine that goods with an extremely limited supply.

  • The vertical supply curve is also called the price inelastic due to the variation in the quality that is always zero.
  • It also measures the supply of responsiveness of the quantity supplied when the price varies.

Thus the variation in the quality supplied variation in the price and the quantity supplied.

Learn more about the three goods that have a vertical.

brainly.com/question/17043184

Otras preguntas