Solved

Which of the Following Is Likely to Make Supply More

Question 63

Essay

Which of the following is likely to make supply more inelastic?
A.The time period under consideration is very short.
B.The inputs necessary for production cannot readily be increased.
C.The good is necessary for survival (e.g., a life-saving drug).
D.The time period under consideration is very short and the inputs necessary for production cannot readily be increased.

Correct Answer:

verifed

Verified

The time period under consider...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions