Site pages
Current course
Participants
General
18 February - 24 February
25 February - 3 March
4 March - 10 March
11 March - 17 March
18 March - 24 March
25 March - 31 March
1 April - 7 April
8 April - 14 April
15 April - 21 April
22 April - 28 April
2.3.5 Kinds of supply elasticify
There are two limiting cases of elasticity of supply which are of economic significance. i) Elasticity of supply equal to infinity ii) Absolutely inelastic supply Another way of expressing the range of elasticity is that elasticity of supply is greater than one, less than one or equal to one. |
Last modified: Wednesday, 21 December 2011, 8:54 AM