Definition of Elastic supply:
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?
- The elastic supply remained flexible as the market was ready to listen to the demand to see how many to produce.
- You may find that you have an elastic supply and will need to figure out how to replenish it when you need it.
- 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