Final answer:
The query explores an industry with near infinite elasticity of supply, where digital goods like software meet this condition due to low marginal costs of reproduction. Additionally, it touches on determining equilibrium price and quantity in a hypothetical trade-less world.
Step-by-step explanation:
The question pertains to the Sales and Operations Planning (S&OP) process within a business context, asking for an example of an industry with near infinite elasticity of supply in the short term. In economic terms, elasticity of supply refers to how much the quantity supplied of a product changes in response to a change in price. In reality, finding an industry with such a characteristic is difficult, as most industries face some constraints, such as production capacity, availability of raw materials, or labor. However, digital products such as e-books, software, or streaming services approach this condition, as they can be reproduced and distributed at a very low marginal cost once the initial development has been completed.
As for the equilibrium price and quantity, in a world without trade, these would be determined by the intersection of supply and demand curves for each country. The point where they meet indicates the equilibrium, showing the price at which quantity supplied equals quantity demanded, absent any external trade influences.