In _______ the supply is inelastic.
Short Period
Long Period
Initial Stage
Final Stage
If 10% increase in the price of scooters increases supply of scooter by 20% the supply of scooters will be
Perfectly Elastic
Elastic (more than unit)
Inelastic
Perfectly Inelastic
When supply curve is vertical, Es =
1
Zero
∞
Es > 1