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17 January, 12:12

Which of these products or services is likely to have an inelastic supply in the short run?

a. cargo ships

b. haircuts

c. newspapers

d. staples

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Answers (2)
  1. 17 January, 13:06
    0
    Cargo ships because even if demand goes up, the supply won't increase in the short run, because it will take months or years to build some more ships. That's inelastic supply.
  2. 17 January, 16:03
    0
    The answer would be A).
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