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Supplier Profitability: Elastic or Inelastic Demand

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Is elastic or inelastic demand better for a supplier's profitability? Explain.

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https://brainmass.com/business/business-philosophy-and-ethics/supplier-profitability-elastic-inelastic-demand-456063

Solution Preview

Inelastic demand is better for supplier profitability. When demand is perfectly inelastic consumers have no alternative to purchasing the good or ...

Solution Summary

This solution provides a brief explanation of elasticity of demand and it's influence on a supplier's profitability.

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