Question

Can you think of an industry (or product) with near infinite elasticity of supply in the short term? That is, what is an industry that could increase Qs almost without limit in response to an increase in the price?

Short answer

Many companies catering to the internet needs of consumers have near infinity supply elasticity.

Step-by-step solution

Step 1. Infinite elasticity:

Infinite elasticity is a very elastic demand or supply scenario in which quantity fluctuates by an infinite proportion in regard to a variation in price; which appears horizontal.

Step 2. Explanation:

Many internet businesses use this approach, in which adding one extra customer to a website costs nearly nothing. This could be done by any site that uses a subscription platform, at least in the short term.