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Sagot :
If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is perfectly Inelastic.
What is Inelastic Supply?
When the percentage change in quantity supplied is less than the percentage change in the price of the good, the absolute value of the coefficient is less than one.
The investigated time horizon is a key determinant of supply elasticity in most markets. Long-term supply is usually elastic, but short-term supply is inelastic. This occurs because companies cannot adjust their plants in the short term to produce a greater quantity of goods in less time. As a result, in the short term, the quantity supplied is unaffected by price changes.
Companies, on the other hand, can build and operate new factories or close old ones over longer time periods, and adjust the quantity supplied accordingly.
Thus, If sellers do not change their quantity supplied in response to a price change, the price elasticity of supply is completely inelastic.
For more information on the Elasticity of supply, refer to the given link:
https://brainly.com/question/28192591
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