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Business Data Management · End Term · 13 Sept 2026 · May 2026 term · Set 1

Question 6: Based on the graph below, what does a vertical supply cur…

Question 6

+2 marksOne correct option

Based on the graph below, what does a vertical supply curve indicate about the responsiveness of sellers to price changes?

  1. A

    Sellers are highly responsive; a small price increase leads to a large increase in quantity supplied

  2. B

    The quantity supplied is fixed and does not change, regardless of the price level.

  3. C

    As the price rises, the quantity supplied decreases (an unusual supply curve).

  4. D

    Supply is perfectly elastic.

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Correct answer

  • B

    The quantity supplied is fixed and does not change, regardless of the price level.

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Question 6 of 43 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 13 Sept 2026, in the May 2026 term (Business Data Management 13 Sep 26 (Session 2)). It carries 2 marks.

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