Housing
of course
Housing;)
Housing!:p
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.
Housing. housing can't change very quickly because building houses is expensive and time consuming.
The difficulty of changing the amount produced
Housing;)
Housing!:p
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.
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.
Housing. housing can't change very quickly because building houses is expensive and time consuming.
The difficulty of changing the amount produced
Supply and demand, like most other commodities.
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.
fats supply the most calories per gram
Aggregate supply is the supply of all goods and services within a country. Which of the following would most likely cause a decrease in the aggregate supply
Increase. Inelastic demand means that most consumers will continue to buy a good regardless of price.
Most of the water in the Middle East is used for drinking, residential commodities, and agriculture.