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The long-run supply of apples is more elastic than the short-run supply of apples?
Wiki User
∙ 12y ago
Yes, bacause on the short run you are not able to harvest more apples than you have threes. On the long term you are able to adjust the number of threes
Wiki User
∙ 12y ago
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Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
What are the types of supply elasticity?
Types of elasticity of supply1) Perfectly elastic supply2) Relative elastic supply3) Unitary elastic supply4) Relatively in elastic supply5) Perfectly in elastic supply
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
What is an unitary elastic supply?
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
What is the definition of perfectly elastic supply?
The definition of perfectly elastic supply is a supply that can change along with the demand. This means if paper for example is not demanded in large quantities and then all of the sudden is there will be enough paper to supply the demand.
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
What are the types of supply elasticity?
Types of elasticity of supply1) Perfectly elastic supply2) Relative elastic supply3) Unitary elastic supply4) Relatively in elastic supply5) Perfectly in elastic supply
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
What is an unitary elastic supply?
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
What is the definition of perfectly elastic supply?
The definition of perfectly elastic supply is a supply that can change along with the demand. This means if paper for example is not demanded in large quantities and then all of the sudden is there will be enough paper to supply the demand.
What are unitary elastic products?
unitary elastic products are those with a supply and demand slope=1.
What happen in the supply and demand regarding land?
Supply is inelastic and demand is elastic for land.
Why is world supply curve horizontal?
The world supply curve is considered perfectly elastic.
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
When is the deadweight loss the greatest?
when both demand and supply are elastic
Which products supply could be elastic in the short run?
Handrugs
Is furniture an elastic or inelastic commodity?
It is elastic because there is not a lot of supply in genuine antique furniture to keep up with rising prices.
