Comment Comment by Chrisoaks Not true.Even a perfectly inelastic (vertical) demand curve still intersects the supply curve at some price.In other words, even if I would pay infinite dollars for a widget, I would still purchase from the cheapest supplier. parent Chrisoaks 2 years ago
Even a perfectly inelastic (vertical) demand curve still intersects the supply curve at some price.
In other words, even if I would pay infinite dollars for a widget, I would still purchase from the cheapest supplier.