The supply of a good is more price elastic, A . . the higher the cost of
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Question:
The supply of a good is more price elastic,
A. the higher the cost of production
B. the more elastic the demand for that good
C. the fewer alternatives there are to producing the good in question
D. the more broadly the market for the good is defined
E. the longer the time horizon over which it is measured
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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