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 ...

Supply and demand in terms of the quantity of the goods are balanced at the point where an upward-sloping supply curve and a downward ... Demand for basic necessities is relatively inelastic.

If a producer faces an inelastic supply curve, total revenues decline with price decreases. And, conversely, total revenues increase with price increases in such a case.

It doesn't change in relation to supply and demand, but it defines the slope of each curve. A product with high price elasticity of demand will see demand fall sharply when prices rise.

The Indian states trying to place orders directly with drug makers for COVID-19 vaccines are facing an inelastic supply curve at least for the next two months, and this approach is also leading to ...

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 ...

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 ...