JAMB Exam  >  JAMB Questions  >  Which of the following is an example of a pro... Start Learning for Free
Which of the following is an example of a product with inelastic supply?
  • a)
    Crude oil
  • b)
    Fast food
  • c)
    Movie tickets
  • d)
    Fashion clothing
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is an example of a product with inelastic suppl...
Crude oil is often considered an example of a product with inelastic supply. This is because it takes significant time and resources to increase oil production, making the quantity supplied less responsive to changes in price.
Explore Courses for JAMB exam

Top Courses for JAMB

Question Description
Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for JAMB. Download more important topics, notes, lectures and mock test series for JAMB Exam by signing up for free.
Here you can find the meaning of Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following is an example of a product with inelastic supply?a)Crude oilb)Fast foodc)Movie ticketsd)Fashion clothingCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice JAMB tests.
Explore Courses for JAMB exam

Top Courses for JAMB

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev