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A vertical supply curve indicates that?

Economics
JAMB 2001
A vertical supply curve indicates that?
  • A. the quantity supplied is responsive to price
  • B. the same fixed quantity will be supplied no matter the price
  • C. an increase in price will result in an increase in the quantity supplied
  • D. there is a fixed price for the commodity below which no supply will be made
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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