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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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Elasticity of Supply - Revisionguru
ntage change in price will lead to an equal percentage change in the quantity supplied. A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. <span>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. Sponsored Links Pages Economics Economics AS Unit 1 The economic problem Needs and wants The economic problem Scarcity Opportunity cost Economic resources (factors
Elasticity of Supply - Revisionguru
ntage change in price will lead to an equal percentage change in the quantity supplied. A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. <span>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. Sponsored Links Pages Economics Economics AS Unit 1 The economic problem Needs and wants The economic problem Scarcity Opportunity cost Economic resources (factors
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