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Many Manufactured Goods Have an ________ Supply If Production Plans

Question 69

Multiple Choice

Many manufactured goods have an ________ supply if production plans have only a short period to change and, as time passes and all production adjustments are made, the supply of the good ________ from the initial response.


A) inelastic; decreases
B) elastic; increases
C) inelastic; does not change
D) elastic; decreases
E) inelastic; increases

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