T
thehistoryman
Guest
If there were 1000 Picasso paintings in the world, which were held by museums and private collectors, what would the supply curve look like for Picasso paintings. My theory is that the curve would be completely inelastic(vertical) because there is a set quantity of paintings available, yet my other idea is that the supply curve would be impossible to derive, would be non-existent because musuems don't really sell their collections and each private collector would have a different price at which they would want to sell their painting.