Producers will not change their quantity supplied by much even if the market price doubles.
There!
In a market with perfectly inelastic supply, the price of a good will not change when there is a decrease in demand for that good.
is soap elastic or inelastic supply
Time
time
what is supply information
In a market with perfectly inelastic supply, the price of a good will not change when there is a decrease in demand for that good.
is soap elastic or inelastic supply
time
Time
what is supply information
Inelastic brainly agrees plus me
zero
Perfectly elastic supply curve: The supply of a commodity will be perfectly elastic when its price remain constant but supply changes to any extent.The supply curve will be parallel to x axis.The numerical value of elasticity of supply will be infinity. Perfectly inelastic supply curve: The supply of a commodity will be perfectly inelastic when its supply remain constant but price changes to any extent.The supply curve will be parallel to y axis.The numerical value of elasticity of supply will be zero.
Producers will not change their quantity supplied by much even if the market price doubles. There!
Price inelastic
Housing;)
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.