Question

If the supply of a good is inelastic

Answer 1

Answer:If price and total revenue change in the same direction, demand is inelastic. a measure of the extent to which the quantity supplied of a good changes when the price of the good changes. ... the percentage change in the quantity supplied is less than the percentage change in price.

Step-by-step explanation:

Answer 2

producers will not change their quantity supplied by much even if the market price doubles

Explanation: 100% gradpoint