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.

Modern English dictionary

Explore and search massive catalog of over 900,000 word meanings.

Word of the Day

Get a curated memorable word every day.

Challenge yourself

Level up your vocabulary by setting personal goals.

And much more

Try out Vedaist now.