# A perfectly inelastic supply schedule: a. can be represented by a line parallel to the...

## Question:

A perfectly inelastic supply schedule:

a. can be represented by a line parallel to the horizontal axis.

b. cannot be shown on a two-dimensional graph.

c. can be represented by a line parallel to the vertical axis.

d. rises upward and to the right, but has a constant slope.

## Supply Schedule:

A supply schedule is a representation of the supply curve. It is a table that shows the different quantities of a good or service that the suppliers are willing to supply to the market at different price levels.

The correct answer is: c. can be represented by a line parallel to the vertical axis.

We say that supply is inelastic if the price elasticity of supply is equal to zero. That is, when a change in the price of the product does not affect the quantity supplied of the good. In this case, the quantity supplied remains the same at every price level. A perfectly inelastic supply curve is therefore represented by a line parallel to the verticle axis.