Asked by Elliot

How does the quantity supplied of a good with a large elasticity of supply react to a price change?
Answered by bobpursley
Isn't it amazing on the Walmart Shelf (things advertised on TV) are so cheap?
Answered by Elliot
Err, I still don't understand?
Answered by bobpursley
What I am saying, if it is easy to make (say a plastic wonder kitchen tool) that is made in great quantity, once demand drops, the price drops dramatically. The items are virtually worthless. Walmart sells them.

Answered by Elliot
So the quantity supplied moves down the supply curve?
Answered by bobpursley
yes.
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