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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 commodities has the most inelastic supply?
Housing;)
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.
What commodities have the most inelastic supply?
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.
Commodities has the most inelastic supply?
Housing!:p
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 commodities has the most inelastic supply?
Housing;)
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.
What commodities have the most inelastic supply?
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.
Commodities has the most inelastic supply?
Housing!:p
What commodities have the most inelastic?
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.
Which of the following commodities has the most inelastic supply?
Housing of course
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
What is the example of inelastic supply?
what is supply information
What is the most common reason for supply to be inelastic?
The difficulty of changing the amount produced
What concepts best describe the supply of housing?
Inelastic brainly agrees plus me
When supply is relatively inelastic elasticity of supply es?
zero
