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What is an example of a firm who would have an elastic supply


An example of an elastic supply is the supply of non-necessity goods such as soft drinks where there are many substitutes and choices. A drastic change in price will not have a toll on the supply since consumers would opt for other brands of soft drinks or prefer close substitutes.

What is a business that would have elastic supply?

Elastic supply\n\n It means firms can easily increase supply in response to a change in price. Firms operating below full capacity. If a car factory is operating at 70% capacity, then it can easily increase supply and produce more cars in response to changes in price.




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[PDF] MANAGEMENT OF WORKING CAPITAL - careers360mobi

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[PDF] Corporate Finance (1 of 2)

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