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Shape of graph that is a Supply Curve that is perfectly inelastic?
Wiki User
∙ 14y ago
When you think about elasticity and inelasticity graphically it always helps me to think of that the end result will be. So I will walk you through my thought process.
If supply is inelastic, then no matter the price, supply will always be the same.
If price is on the y-axis and quantity is on the x-axis ( as they usually are) then:
Perfectly inelastic supply will be represented by a vertical line.
Wiki User
∙ 14y ago
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