0
What product or services is likely to have an inelastic supply in the short run?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which products or services is supply likely to be inelastic in the short term whether prices rise or fall?
Cargo Ships
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
What is meant by price inelastic?
Price inelastic means that the supply or demand of a product or service is unaffected by any changes in the price.
What is the term for supply of a product that cannot easily or quickly expand or reduce its production?
The answer is inelastic.
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Which products or services is supply likely to be inelastic in the short term whether prices rise or fall?
Cargo Ships
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
What is meant by price inelastic?
Price inelastic means that the supply or demand of a product or service is unaffected by any changes in the price.
What is the term for supply of a product that cannot easily or quickly expand or reduce its production?
The answer is inelastic.
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
What are example of product with perfectly elastic and perfectly inelastic supply?
Elasticity of supply describes how a product's quantity affects its price. Milk, for example, has an elastic supply - the quantity goes up and the price goes down. Or, as the quantity is limited, the price goes up. Inelastic supply implies that availability does not affect price, such as with airplane flight tickets.
What is the example of inelastic supply?
what is supply information
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.
What does market period means?
it is a period in which producers of a product are unable to change the quantity produced in response to a change in its price and in which there is a perfectly inelastic supply.
How might you calculate elasticity of supply?
Elasticity of supply is the amount a price changes based on changes in supply. An elastic good's price will change as the price changes. If the good is inelastic, as the supply of the product changes, the price does not change. Inelastic curves are very straight up and down. Elastic curves are straight horizontally. Elasticity of supply is an important factor for business managers. Business managers want to know how the price they offer for their product will change based on how much they produce.
