Sentences with INELASTIC-SUPPLY
Check out our example sentences below to help you understand the context.Sentences
1
"In an inelastic supply market, a small change in price results in a very limited change in quantity supplied."
2
"A monopoly typically has an inelastic supply because it has full control over the quantity supplied in the market."
3
"A company that produces a patented drug may have an inelastic supply due to its exclusive rights to produce and distribute the drug."
4
"E-cigarettes have an inelastic supply since they require specialized components that may not be readily available."
5
"In the event of a sudden increase in demand, an inelastic supply can cause prices to skyrocket."
6
"Certain services, such as medical care, have an inelastic supply as they require skilled professionals and specialized facilities."
