When a good or service is perfectly elastic, demand for it is extremely sensitive to changes in price. This is the inverse of extreme inelasticity, in which demand is fixed regardless of ...

The relation between velocity of approach and the velocity of separation for perfectly elastic collision, this approach is used to solve numerical like: a) How much the energy will be transferred ...

So, if the corn from your farm has a price elasticity of supply equal to 0.2, it is inelastic. The PES for perfectly elastic supply is infinite, where the quantity supplied is unlimited at a given ...