perfectly inelastic supply
perfectly inelastic supply noun: 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).
Noun
perfectly inelastic supply (plural perfectly inelastic supplies)
- 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)
Forms of perfectly inelastic supply
| plural | perfectly inelastic supplies |
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Questions about perfectly inelastic supply
- What does perfectly inelastic supply mean?
- Perfectly inelastic supply means 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).
- What part of speech is perfectly inelastic supply?
- Perfectly inelastic supply is a noun.
- What is the plural of perfectly inelastic supply?
- The plural of perfectly inelastic supply is perfectly inelastic supplies.
Words near perfectly inelastic supply in the dictionary
Source and license
Adapted from Wiktionary: perfectly inelastic supply (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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