| The mechanism is as one would expect: when workerʼs labor elasticity of supply decreases, local monopolies have an incentive to lower wages. |
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| As a consequence today, there is no elasticity of supply in the face of demand held high by the growing appetites of India and China. |
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| With the food crisis and with low domestic elasticity of supply, the rise in oil prices pushed domestic prices up sharply. |
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| The criticism also neglects the elasticity of supply. |
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| The elasticity of supply as well as demand is relatively inadequate. |
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| The main difficulty with the bilateral negotiations on export quotas and calendars lies in the elasticity of supply on the fresh products markets. |
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