Briannas6844 Briannas6844
  • 19-09-2018
  • Business
contestada

What is the term for supply of product that cannot easily or quickly expand or reduce its production?

Respuesta :

andromache andromache
  • 29-09-2018

The term for the supply of a product that cannot easily or quickly expand or reduce its production is Inelastic. Inelastic supply refers to supply whose percentage change is less than a percentage change in price. In other words, if the change in supply does not move with the change in the price of the product, then the supply of the product is said to be inelastic.


Hence the answer is Inelastic.



Answer Link

Otras preguntas

which of the following is equal to 2 meters? (Choose one please) A. 200 mm B. 20 cm . C. 200 km D. 2,000 mm
Which word in the sentence is a singular noun? The green grass covered the hills as far as my eyes could see. A. see B. eyes C. grass D. green
What is 1/3 of 2/5?
Which integer represents a loss of 12 dollars?____________
solve express the answer in simplest form. 1/5+w=7 1/3 w=__ _/_
The events of fertilization must occur in a specific sequence because it is a highly ordered process. Demonstrate your understanding of the proper event order b
Which is the correct terrm that indicated that an oceanic crust is pushed downward by a colliding contintental crust? A. drifting crust B. subduction C. uplift
what number is 48% of 400
Which organisms are the producers in this food web? A. krill B. zooplankton C. killer whales D. marine phytoplankton
Progressive and conservative Republicans disagreed on which of the following in the early 1900s?