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perfectly inelastic supply. In DICTIOUS you will not only get to know all the dictionary meanings for the word
perfectly inelastic supply, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
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)