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perfectly elastic supply. In DICTIOUS you will not only get to know all the dictionary meanings for the word
perfectly elastic supply, but we will also tell you about its etymology, its characteristics and you will know how to say
perfectly elastic supply in singular and plural. Everything you need to know about the word
perfectly elastic supply you have here. The definition of the word
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perfectly elastic supply, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
perfectly elastic supply (plural perfectly elastic supplies)
- (economics) A situation in which firms are able and willing to supply any quantity of a good or service at the going price, i.e., the supply is infinite.