Consider the following products: kitchen blenders fibre optic cable neurosurgery oil tankers sour cream doughnuts rental apartments

Question:

Consider the following products:

  • kitchen blenders
  • fibre optic cable
  • neurosurgery
  • oil tankers
  • sour cream doughnuts
  • rental apartments

a. Which of these would have the greatest supply elasticity in the short run? Why?

b. Which would have the least supply elasticity in the short run? Why?

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Related Book For  answer-question

Microeconomics

ISBN: 9780134835839

16th Canadian Edition

Authors: Christopher T.S. Ragan

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