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Supply could be perfectly inelastic in the case of a unique good such as a work of art. No matter how much consumers are willing to pay for it, there can never be more than one original version of it.
Economists talk about inelastic supply, or about a vertical supply curve, when higher price doesn’t result in more production. Figure 3. Image of vertical supply curve from Wikipedia "Supply and ...
This paper deals with the retailers of goods with an inelastic supply function which include agricultural and marine products. We propose and apply a new empirical method to measure the retail ...
We present evidence of inelastic demand for risky sovereign bonds and explore its implications for optimal government debt policies. Using monthly changes in the composition of a major international ...