Multiple Choice
Because of aging requirements it takes many years to make good Scotch. If a technology were invented that made it possible to create good Scotch literally overnight, how would the short-run supply of good Scotch change?
A) It would become more elastic.
B) It would become less elastic.
C) Its elasticity would remain the same.
D) It is impossible to say anything about the change.
Correct Answer:
Verified
Correct Answer:
Verified
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