Multiple Choice
When production of a good can be expanded without significantly increasing the overall demand for its inputs:
A) supply for this good will tend to be more inelastic.
B) supply for this good will tend to be more elastic.
C) price for the good will be constant.
D) the elasticity of supply of the product will equal the elasticity of supply of the inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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