Multiple Choice
A microchip manufacturing plant is likely to have a ______________ price elasticity of supply than a bread bakery due to _________________.
A) more elastic;a more flexible production process
B) more elastic;greater availability of inputs
C) less elastic;a less flexible production process
D) more elastic;less availability of inputs
Correct Answer:

Verified
Correct Answer:
Verified
Q75: A baker of chocolate chip cookies is
Q126: Suppose that when the price of coffee
Q127: The longer people have to adjust to
Q129: Which elasticity measures producers' responsiveness to a
Q130: If the price of cereal changes by
Q132: Classical music is _ than Beethoven's music
Q133: The cross-price elasticity of two goods is
Q134: Assuming elasticity is reported in absolute value,a
Q135: Suppose when the price of a cookie
Q136: A box of corn flakes cereal is