Goods/Services with Highly Inelastic Price Elasticity of Supply
Q: Name three goods or services with highly elastic price elasticity of supply. Name three goods or services with highly inelastic price elasticity of supply. Give a brief description of each of these six goods or services.© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/economics/microeconomics/goods-services-with-highly-inelastic-price-elasticity-of-supply-7e85
...the increases in the price of Antiques the reproduction increases causing the supply to increase at the same rate.
(3) Supply of Wheat: an increase in the price of Wheat cause the supply of wheat to increase at the greater pace.
Goods and services from highly elastic price inelasticity of supply:
(i) Antiques: There is high elastic price elasticity of supply for Antiques. ...