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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 remain unchanged.
The quantity supplied will increase or decrease depending on market conditions.
The quantity supplied will increase by 10%.
The quantity supplied will decrease by 10%.
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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 Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
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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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