When the supply of a good is inelastic, an increase in demand will:

Name: When the supply of a good is inelastic, an increase in demand will:
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When the supply of a good is inelastic, it means that suppliers cannot easily increase the quantity supplied in response to price changes. Therefore, if demand increases, the limited ability to increase supply leads to a larger increase in prices compared to a situation where supply is elastic and can adjust more readily to demand changes.

When the Supply of a Good Is Inelastic, an Increase