Question

If the quantity supplied changes little in response to a price change, supply is 

a) elastic.
b) inelastic.
c) fixed.
d) unit elastic.​

Answer 1

If the quantity supplied changes little from a change in price, supply is inelastic. Supply is more elastic when the sellers have greater flexibility to change the amount of a good they produce in response to a change in price.

Step-by-step explanation:

google