Ask Question
14 October, 13:19

If the supply of a good is inelastic

+1
Answers (1)
  1. 14 October, 13:40
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the supply of a good is inelastic ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers