A manufacturer produces 1,000 units, regardless of the market price. for this firm, the price elasticity of supply is

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asked Oct 26, 2020 152k views

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Filou · Answer 1 · 2020-11-01T16:34:51+0000

Zero.

Price elasticity of supply is a measure of how much supply changes in response to a change in price. Since this company doesn't change their supply at all depending on the price, their elasticity of supply is zero.

A manufacturer produces 1,000 units, regardless of the market price. for this firm, the price elasticity of supply is

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