Question

In each of the following cases, do you think the price elasticity of supply is (i) perfectly elastic; (ii)
perfectly inelastic; (iii) elastic, but not perfectly elastic; or (iv) inelastic, but not perfectly
inelastic? Explain using a diagram.
a. An increase in demand this summer for luxury cruises leads to a huge jump in the sales price
of a cabin on the Queen Mary 2.
b. The price of a kilowatt of electricity is the same during periods of high electricity demand as
during periods of low electricity demand.​

Answer 1

Answer:

ans :the price of high and jump 2 incredible for CBI

elastic, or low electricity