Speakur

Word Pronunciation & Dictionary

perfectly inelastic supply

Word Rarity Very rare

Frequency: Zipf frequency 2.40 in modern English

Syllables
per-fect-ly inelas-tic -sup-ply
IPA
43
Scrabble Score
24
Letters
6
Syllables
13
Unique Chars

Meaning

noun

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)

Inflected Forms

perfectly inelastic supplies (plural)

Questions

What does perfectly inelastic supply mean?
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)

How to pronounce perfectly inelastic supply

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