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Describe in detail the path that a drop of water would take from striking Earth's surface as raindrop to reappearing at the surface in a spring.
Perfectly Inelastic
Perfectly inelastic describes a market scenario where the quantity demanded or supplied does not change regardless of price fluctuations.
Supply
The total amount of a certain good or service that is available for purchase at a particular price level and time.
Perfectly Inelastic
Refers to a market situation where the quantity demanded or supplied does not change regardless of the price level changes.
Perfectly Elastic
Describes a market situation where quantity demanded or supplied changes by an infinite amount in response to any change in prices.
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