A characteristic of a good or service for which the supply does not increase or decrease in response to changes in price. Inelastic supply may be due to limitations on the speed of the production process, finite supplies of raw materials needed to produce the good or service, or other limiting factors.
Related information about inelastic supply:
- What is inelastic supply? - BusinessDictionary.com
Definition of inelastic supply: A market situation in which any increase or decrease in the price of a good or service does not result in a corresponding increase ...
- Price elasticity of supply - Wikipedia, the free encyclopedia
Price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a ...
- Elasticity (economics) - Wikipedia, the free encyclopedia
In economics, elasticity is the measurement of how changing one economic variable affects others. For example: "If I lower the price of my product, how much ...
- What are examples of products with elastic and inelastic supply ...
A product with inelastic supply would be one where the producers will be willing to sell about the same amount, no matter whether the price goes up ...
- Inelastic supply - AmosWEB
Inelastic supply is one of two general elasticity relations for supply. The other is ... An inelastic supply relation is NOT a very responsive, or stretchable, relation.
- inelastic supply: Definition from Answers.com
inelastic supply Supply whose percentage change is less than a percentage change in price. For example, if the price of a commodity drops twenty-five percent.
- Inelastic supply | Define Inelastic supply at Dictionary.com
inelastic supply definition. Supply whose percentage change is less than a percentage change in price. For example, if the price of a commodity drops ...
- What is inelastic supply? definition and meaning - InvestorWords.com
Definition of inelastic supply: A characteristic of a good or service for which the supply does not increase or decrease in response to changes in price. Inelastic ...