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In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
What else can I help you with?
What commodities has the most inelastic supply?
Housing;)
Commodities has the most inelastic supply?
Housing!:p
Which of the following commodities has the most inelastic supply?
Housing of course
What commodities have the most inelastic supply?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
Which of the following commodities has the most inelastic demand and why?
Housing. housing can't change very quickly because building houses is expensive and time consuming.
What is a price cut when the demand for a normal good is price inelastic?
Demand is inelastic when changes the in price of a commodity do not effect (or have very little effect) the quantity of that product demanded. For most commodities, demand decreases with price increases and demand increases with price decreases.
Which commodity has the most inelastic supply?
The commodity with the most inelastic supply is typically considered to be agricultural products, particularly staples like rice or wheat. These commodities often have limited supply responsiveness due to factors like growing seasons, land availability, and the time required for production. Inelastic supply means that even significant changes in price do not lead to substantial changes in the quantity supplied, primarily because farmers cannot quickly adjust production levels.
Why the demand of natural gas is inelastic?
inelastic commodities are those with few or no substitutes. The importance of natural gas as the current state are unparalleled and for that matter makes it inelastic, that however is only a short-run issue; in the long run other commodities like coal, and thermal energy would place the substitute role on natural gas thereby moving it to an elastic good. Natural gas would only be inelastic in the short-run
How would you rank the following items from the least elastic (most inelastic) to the most elastic?
The ranking of elasticity from least elastic (most inelastic) to most elastic is as follows: necessity goods, luxury goods, and normal goods.
If the demand for a good is inelastic and the price of the good decreases?
Increase. Inelastic demand means that most consumers will continue to buy a good regardless of price.
What is most of the water used for in the middle east?
Most of the water in the Middle East is used for drinking, residential commodities, and agriculture.
Is salt an elastic or inelastic product?
Inelastic
