Question:
What is Inelastic PES? -What is Perfectly Inelastic Supply?
Author: eric_galvaoAnswer:
-This is when PES is between 0 and 1 meaning any % Change in Price leads to a Smaller % Change in Quantity Supplied -This is when PES is - meaning any Change in Price will still lead to the Same Quantity being Supplied. Perfectly Vertical
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eric_galvao