perfectly elastic supply

noun

A situation in which firms are able and willing to supply any quantity of a good or service at the going price, i.e., the supply is infinite.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounperfectly elastic supply (plural perfectly elastic supplies)

plural perfectly elastic supplies

  1. economicsA situation in which firms are able and willing to supply any quantity of a good or service at the going price, i.e., the supply is infinite.
Cite this entry
APA

perfectly elastic supply. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/perfectly%20elastic%20supply

MLA

“perfectly elastic supply.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/perfectly%20elastic%20supply. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “perfectly elastic supply,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/perfectly%20elastic%20supply.

Source: perfectly elastic supply on Wiktionary, CC BY-SA 4.0.