If the price elasticity of supply is less than 1, supply is considered:

What does a perfectly inelastic demand curve look like?

If a major drought destroys crops, what is the most likely impact on the market for cotton?

What happens to the demand for gasoline when the price of electric cars, a substitute, decreases significantly?

New information is released that proves that drinking cow’s milk causes you to gain 2 pounds every year. What happens to the market for milk?

What is the equilibrium price?

The hugely successful 1982 movie E.T. featured Reese’s Pieces as E.T.’s favorite candy. How did this increased popularity of Reese’s Pieces affect the market for the cand?

Hellmann’s mayonnaise and Duke’s mayonnaise are substitutes from the consumer’s perspective.  When the price of Hellmann’s rises, what happens to the demand for Duke’s mayonnaise?

Henry Ford famously mass-produced cars at the beginning of the twentieth century, starting Ford Motor Company.  He made millions because mass production made cars cheap to make, and he passed some of the savings to the consumer in the form of a low price.  Cars became a common sight in the United States.  Keeping total revenue and its relationship with price in mind, do you expect the demand for cars to be elastic or inelastic in this example?

If the price of movie tickets rises, what happens to the demand for coke (a complement)?