Supply Is Very Inelastic When

question 43

Multiple Choice

Supply is very inelastic when

• A)The quantity supplied changes little when the price increases.
• B)The quantity supplied changes a lot when price increases.
• C)The quantity supplied does not change at all when price increases.
• D)The quantity supplied changes only when demand changes.

---

Definitions:

Alternative Design

A variant or different approach to the design of a product, structure, or system that may offer benefits over the original design.

Running Shoes

Footwear specifically designed for the purpose of jogging or running, focusing on comfort, support, and performance.

Ineffective Marketing Plan

A strategy for promoting and selling products or services that fails to achieve its intended sales or market share goals.

Product Liability

The legal responsibility of manufacturers and sellers for defects in the products they offer that cause harm to consumers.