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Producers will not change their quantity supplied by much even if the market price doubles.
There!
What else can I help you with?
What is a good or service that a business offers to sell?
a supply
What are the types of price elasticity of demand?
there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand
What is a market supply schedule?
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
What is the value of a good or service is determined by?
Value is determined by the demand and the supply
What is the difference between inelastic and elastic goods?
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.
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 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 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
What commodities has the most inelastic supply?
Housing;)
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.
