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Bond's Gym is not able to expand quickly. It would take
a long time and lots of money to hire more workers, buy
equipment, and find a bigger building.


Based on the graph and the information above,
memberships at Bond's Gym are an ______supply. (elastic) (inelastic)


The owner at Bond's Gym ______ (can) (cannot) increase the supply of memberships easily and quickly.
​

Respuesta :

smallzlizzy

Answer:

inelastic, cannot

Step-by-step explanation:

gauravsingh23VT

Memberships at Bond's Gym are an inelastic supply. The owner at Bond's Gym cannot increase the supply of memberships easily and quickly.

What is elastic and inelastic supply?

If the elasticity is larger than one, it indicates that the demand or supply is very responsive to changes in price. A demand or supply that is inelastic is one whose elasticity is less than one, showing a low responsiveness to changes in price.

Typically, the supply is elastic over the long term but inelastic over the short term. This occurs when businesses can't immediately alter their manufacturing facilities to manufacture more products in less time. As a result, the quantity delivered is not sensitive to price changes in the short term.

Thus, it is, inelastic and cannot.

For more details about elastic and inelastic supply, click here:

https://brainly.com/question/13572905

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