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Economists talk about inelastic supply, or about a vertical supply curve, when higher price doesn’t result in more production. Figure 3.
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 ...
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 ...