Эрэлт, нийлүүлэлтийн мэдрэмж /орлогын мэдрэмж, солбисон …
The way I like to explain this is as follows: When output is very low, it is relatively easy for firms to increase output. They may have excess capacity, or they are not requiring full effort from their workers. Increasing output is not difficult, so it doesn't take much of an increase in price to induce an increase in production.