perfectly inelastic supply

noun

A situation in which firms/producers can only supply a fixed quantity, hence cannot increase, or decrease the available amount even if there are increases/decreases in price. (Elasticity of supply = 0)

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounperfectly inelastic supply (plural perfectly inelastic supplies)

plural perfectly inelastic supplies

  1. A situation in which firms/producers can only supply a fixed quantity, hence cannot increase, or decrease the available amount even if there are increases/decreases in price. (Elasticity of supply = 0)
Cite this entry
APA

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

MLA

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

Chicago

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

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