Is elastic or inelastic demand better for a supplier's profitability? Explain.© BrainMass Inc. brainmass.com June 4, 2020, 2:24 am ad1c9bdddf
Inelastic demand is better for supplier profitability. When demand is perfectly inelastic consumers have no alternative to purchasing the good or ...
This solution provides a brief explanation of elasticity of demand and it's influence on a supplier's profitability.