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  • 06-04-2018
  • Business
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Why is the supply curve a vertical line

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liz33312
liz33312 liz33312
  • 06-04-2018
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)
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