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#cfa #economics #has-images
Question
A perfectly [...] supply curve, with elasticity value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand.
Answer
inelastic
Tags
#cfa #economics #has-images
Question
A perfectly [...] supply curve, with elasticity value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand.
Answer
?
Tags
#cfa #economics #has-images
Question
A perfectly [...] supply curve, with elasticity value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand.
Answer
inelastic
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A perfectly inelastic supply curve, with elasticity value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. </
and, there are special cases of elasticity of supply. If elasticity is equal to one then the good will have unitary elasticity; meaning a percentage change in price will lead to an equal percentage change in the quantity supplied. <span>A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Parent (intermediate) annotation
Open itA perfectly inelastic supply curve, with elasticity value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. </
Original toplevel document
Elasticity of Supply - Revisionguruand, there are special cases of elasticity of supply. If elasticity is equal to one then the good will have unitary elasticity; meaning a percentage change in price will lead to an equal percentage change in the quantity supplied. <span>A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
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| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
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| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
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