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astra-53 [7]
3 years ago
15

When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve

rtical, and then to refer to that curve as _________.
a. inelastic
b. elastic
c. unitary elasticity
d. income elasticity

Business
1 answer:
Hitman42 [59]3 years ago
6 0

Answer:

a. inelastic

Explanation:

<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

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