{"id":84879,"date":"2025-06-01T02:54:07","date_gmt":"2025-06-01T02:54:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=84879"},"modified":"2025-06-01T02:54:07","modified_gmt":"2025-06-01T02:54:07","slug":"when-some-goods-or-productive-factors-are-completely-fixed-in-amount","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/","title":{"rendered":"When some goods or productive factors are completely fixed in amount,"},"content":{"rendered":"

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is<\/p>\n

[amp_mcq option1=”horizontal” option2=”downward sloping to the right” option3=”vertical” option4=”upward sloping to the right” correct=”option3″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-1 – 2019<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nWhen the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve.
\n<\/section>\n
\nA supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.
\n<\/section>\n
\nA vertical supply curve indicates that the quantity supplied remains the same regardless of any change in price. This is characteristic of goods or factors that are fixed in supply, such as unique pieces of art, limited historical artifacts, or factors of production like land in a specific location, at least in the short run. A horizontal supply curve indicates perfectly elastic supply, a downward sloping curve is typically a demand curve, and an upward sloping curve is the usual representation of a supply curve for most goods where quantity supplied increases with price.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is [amp_mcq option1=”horizontal” option2=”downward sloping to the right” option3=”vertical” option4=”upward sloping to the right” correct=”option3″] This question was previously asked in UPSC CDS-1 – 2019 Download PDFAttempt Online When the amount of a good or factor is completely … <\/p>\n

Detailed SolutionWhen some goods or productive factors are completely fixed in amount,<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1119,1112],"class_list":["post-84879","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1119","tag-economic-and-social-development","no-featured-image-padding"],"yoast_head":"\nWhen some goods or productive factors are completely fixed in amount,<\/title>\n<meta name=\"description\" content=\"When the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve. A supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When some goods or productive factors are completely fixed in amount,\" \/>\n<meta property=\"og:description\" content=\"When the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve. A supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T02:54:07+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"When some goods or productive factors are completely fixed in amount,","description":"When the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve. A supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/","og_locale":"en_US","og_type":"article","og_title":"When some goods or productive factors are completely fixed in amount,","og_description":"When the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve. A supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T02:54:07+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/","url":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/","name":"When some goods or productive factors are completely fixed in amount,","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T02:54:07+00:00","dateModified":"2025-06-01T02:54:07+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"When the amount of a good or factor is completely fixed regardless of price, the quantity supplied does not change as the price changes. This results in a vertical supply curve. A supply curve shows the relationship between the price of a good and the quantity supplied at that price. If the quantity supplied is constant irrespective of the price level, the supply curve will be perfectly inelastic.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/when-some-goods-or-productive-factors-are-completely-fixed-in-amount\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CDS-1","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-cds-1\/"},{"@type":"ListItem","position":3,"name":"When some goods or productive factors are completely fixed in amount,"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/84879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=84879"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/84879\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=84879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=84879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=84879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}