4 ms·
Isnt supply price-inelastic in the short term, so "30% above" is the same quantity at all price levels?
by seventh-chord 6y ago
Isnt supply price-inelastic in the short term, so "30% above" is the same quantity at all price levels?
- pedrocr 6y agoDemand is not inelastic so the 30% drops if the supply becomes more expensive as orders will be cancelled.