How does the quantity supplied of a good with a large elasticity of supply react to a price change?

Answer 1

Isn't it amazing on the Walmart Shelf (things advertised on TV) are so cheap?

Answer 2

Err, I still don't understand?

Answer 3

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.

Answer 4

So the quantity supplied moves down the supply curve?

Answer 5

yes.