This statement means that within the price range of $10 to $14, the supply of the product or service is relatively unresponsive to changes in price. In other words, a change in price within this range would not significantly affect the quantity of the product or service that suppliers are willing to produce and offer for sale.
Inelastic supply typically occurs when it is difficult or costly for suppliers to adjust their production levels in response to changes in price. For example, if the production of a product requires specialized equipment or resources that are limited in supply, then suppliers may not be able to quickly increase their output even if the price of the product rises. In such cases, a higher price may only result in a small increase in the quantity supplied, if any.
On the other hand, if the supply is elastic, then a small change in price would result in a relatively larger change in the quantity supplied, indicating that suppliers are more responsive to changes in price.