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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.4
Assume the price elasticity of supply for a product is perfectly inelastic. If the price of the product increases by 10%, what will happen to the quantity supplied?
The quantity supplied will increase or decrease depending on market conditions.
The quantity supplied will decrease by 10%.
The quantity supplied will increase by 10%.
The quantity supplied will remain unchanged.
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AP Microeconomics - 2.4 Price Elasticity of Supply
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Price Elasticity of Supply
Perfectly inelastic
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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