Elastic supply

Elastic supply,

Definition of Elastic supply:

  1. Supply of a good or service that increases or decreases as the price of an item goes down or up. See also elasticity of supply.

How to use Elastic supply in a sentence?

  1. The elastic supply remained flexible as the market was ready to listen to the demand to see how many to produce.
  2. You may find that you have an elastic supply and will need to figure out how to replenish it when you need it.
  3. Our elastic supply was running low because business was not doing as good as it was a few months ago.

Meaning of Elastic supply & Elastic supply Definition