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When Production of a Good Can Be Expanded Withoutsignificantly Increasing

Question 114

Multiple Choice

When production of a good can be expanded withoutsignificantly 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.(True Answer ) Correct
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:

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