Multiple Choice
Consider a firm's price elasticity of supply.If firms' costs rise rapidly as output increases,the
A) supply curve will tend to be flat.
B) demand curve will tend to be steep.
C) elasticity of demand will tend to be low.
D) price elasticity of supply will tend to be high.
E) price elasticity of supply will tend to be low.
Correct Answer:

Verified
Correct Answer:
Verified
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