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Caffeine from coffees and teas. The caffeine is an inelastic supply because there arent many substitutes for caffeine. --Wayne Also products like salt and pepper are inelastic because people can consume only so much of them. --Danny R.
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∙ 14y ago
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When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
Products whose demand remains unchanged regardless of their price?
Such products have an inelastic demand.
Why is demand for a home heating fuel inelastic in cold weather?
Demand outstrips supply.
Why are the unique products price inelastic?
inelastic is supply and demand trends. inelastic means the demand only slightly or never really changes. things like luxury items, sports cars, mansions, penthouse apartments, high class call girls, all of them stay at steady prices because the demand for them never changes.
Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph?
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
What happen in the supply and demand regarding land?
Supply is inelastic and demand is elastic for land.
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
Products whose demand remains unchanged regardless of their price?
Such products have an inelastic demand.
Why is demand for home heating fuel inelastic in cold?
Demand outstrips supply.
Why is demand for a home heating fuel inelastic in cold weather?
Demand outstrips supply.
Why are the unique products price inelastic?
inelastic is supply and demand trends. inelastic means the demand only slightly or never really changes. things like luxury items, sports cars, mansions, penthouse apartments, high class call girls, all of them stay at steady prices because the demand for them never changes.
Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph?
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
Why is demand for home heating fuel inelastic in very cold weather?
Demand outstrips supply
What is meant by price inelastic?
Price inelastic means that the supply or demand of a product or service is unaffected by any changes in the price.
What will happen if there is an increase in demand for a product who's supply is perfectly elastic?
The quantity of the the products bought tends to fluxuate a lot. The prices tend to stay somewhat stable. It is opposite for inelastic demand,
In order for a price decrease to increase revenue which of the following must be true A. Demand must be elastic B. Demand must be inelastic. C. Demand must be unit elastic D. Supply must be inelastic?
A)
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
