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What happens to the price of a good in a market with perfectly inelastic supply when there is a decrease in demand for that good?
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 supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
The key factor that determines whether the supply of a good will be elastic or inelastic is .?
time
What is the The key factor that determines whether the supply of a good will be elastic or inelastic?
Time
What is the example of inelastic supply?
what is supply information
What happens to the price of a good in a market with perfectly inelastic supply when there is a decrease in demand for that good?
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 supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
The key factor that determines whether the supply of a good will be elastic or inelastic is .?
time
What is the The key factor that determines whether the supply of a good will be elastic or inelastic?
Time
What is the example of inelastic supply?
what is supply information
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What concepts best describe the supply of housing?
Inelastic brainly agrees plus me
When supply is relatively inelastic elasticity of supply es?
zero
What is the different between Perfectly inelastic supply and inelastic supply?
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.
If the supply of a good inelastic?
Producers will not change their quantity supplied by much even if the market price doubles. There!
If the supply of a good is inelastic?
Producers will not change their quantity supplied by much even if the market price doubles. There!
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
