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Would someone answer my question please I need it due Monday :S

Inelastic supply ensures a predictable level of supply and also a static cost price. Elastic demand would mean that you need to careful in planning your supply pipeline. if you order too much you may end up selling at or below cost or at lower than budgeted margins.

Generally in a globalised open market these 2 conditions cannot exist for long. They are counter intuitive

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Q: What good has inelastic supply and elastic demand a specific example of a good please?
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