In the same way, products that are costly to store, perishable,
or for which a change in production is very costly will be very
inelastically supplied. Given sufficient time, almost any good can eventually
be elastically supplied. Likewise, temporary shortage of inputs can make almost
any good inelastically supplied for a time. Below are some examples of goods that typically
fall in each category.
- Elastically Supplied:
- Consumer Electronics
- Personal Care Products
- Prepared Food
- Inelastically Supplied:
- Housing
- Fresh Produce
- Highly Trained Employees
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