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perfectly inelastic supply

noun

Definitions

  1. A situation in which firms/producers can only supply a fixed quantity, hence cannot…

    A situation in which firms/producers can only supply a fixed quantity, hence cannot increase, or decrease the available amount even if there are increases/decreases in price. (Elasticity of supply = 0)

The neighborhood

Vish — recursive loop

No curated loop yet for perfectly inelastic supply. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA