Economy, asked by ks907110, 5 months ago

A
loss of making firms has inelastic supply . Do you agree? if yes why?

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Answers

Answered by pjgaikar06

Yes, I agree that a loss-making firm has inelastic supply. This is mainly because the firm cannot adjust its production as quickly as the price increase. This will result in less percentage of increase in supply than the percentage of increase in price.

Answered by aryanrewale10

Answer:

Yes, I agree that a loss-making firm has inelastic supply. This is mainly because the firm cannot adjust its production as quickly as the price increase. ... This will result in less percentage of increase in supply than the percentage of increase in price.

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