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 and supply decreases by only two percent, supply is said to be inelastic. (See elasticity.)

QUIZZES

LEARN THE SPANISH WORDS FOR THESE COMMON ANIMALS!

Are you learning Spanish? Or do you just have an interest in foreign languages? Either way, this quiz on Spanish words for animals is for you.
Question 1 of 13
How do you say “cat” 🐈 in Spanish?
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.