Question

Which of the following products is likely to have an inelastic supply reaction to a change in price?

a-shoes
b-cars
c-corn
d-television

Answer 1

The answer would be A. Shoes.

It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.

Answer 2

Hello there, my fellow human being!

The answer is A. shoes. 

Hope this helped!
~Ruru