Inelastic supply

Inelastic supply,

Definition of Inelastic supply:

  1. A market situation in which an increase or decrease in the price of a good or service does not lead to a similar increase or decrease in its supply.

How to use Inelastic supply in a sentence?

  1. The supply of houses seems unstable, because people are always buying expensive houses and, even if they don't, houses are being built.
  2. You need to understand whether you are offering a neutral proposal and find ways to market it properly.
  3. Due to non-supply of stem screw, the company is unable to get the required quantity at higher unit cost.

Meaning of Inelastic supply & Inelastic supply Definition