3 years ago

If the supply of a good is inelastic

History

2 answers:

ipn [44]3 years ago

6 0

producers will not change their quantity supplied by much even if the market price doubles

Explanation: 100% gradpoint

Romashka [77]3 years ago

5 0

Answer:If price and total revenue change in the same direction, demand is inelastic. a measure of the extent to which the quantity supplied of a good changes when the price of the good changes. ... the percentage change in the quantity supplied is less than the percentage change in price.

Explanation:

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