question archive What is a product with near infinite elasticity of supply in the short run?
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What is a product with near infinite elasticity of supply in the short run?
A product with near infinite elasticity of supply in the short run is a product which its production is very sensitive to price changes so that a small increase in the market price increases the production a lot. This might be because of the existence of a lot of unused resources and capacities. The supply curve for this product is almost horizontal.