Producers will not change their quantity supplied by much even if the market price doubles.
There!
a supply
there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
Value is determined by the demand and the supply
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
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 soap elastic or inelastic supply
time
Time
what is supply information
Inelastic brainly agrees plus me
zero
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.
Producers will not change their quantity supplied by much even if the market price doubles. There!
Price inelastic
Housing;)
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.