Multiple Choice
When a supply curve is relatively flat,
A) sellers are not very responsive to changes in price.
B) the supply is relatively inelastic.
C) the supply is relatively elastic.
D) Both a and b are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: In the long run,the quantity supplied of
Q84: Which of the following could be the
Q109: Suppose that an increase in the price
Q110: There are very few,if any,good substitutes for
Q111: Recently, in Smalltown, the price of Twinkies
Q113: Figure 5-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Figure 5-14
Q116: Which of the following statements is not
Q118: As we move downward and to the
Q122: For which of the following goods is
Q208: Demand is inelastic if the price elasticity