if-a-supply-curve-rotates-from-a-horizontal-to-a-vertical-position-what-happens-

Question

If a supply curve rotates from a horizontal to a vertical position, what happens to its elasticity?

Accepted Answer

It changes from perfectly elastic to perfectly inelastic.

Answer

It becomes less elastic.

Answer

It remains unit elastic.

Answer

It changes from perfectly inelastic to perfectly elastic.