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.

Question

Quizplus · Accepted Answer

When supply is very inelastic, the quantity supplied changes little when the price increases. This means that suppliers are not able to quickly increase their production in response to a price increase, leading to a small change in quantity supplied.

Supply Is Very Inelastic When