Multiple Choice
Suppose that each serving of Mac & Cheese costs exactly $0.50 to make no matter how many servings are produced.This means that the price elasticity of supply for Mac & Cheese is ______ and the supply is _______.
A) one;perfectly inelastic
B) zero;perfectly elastic
C) infinity;perfectly inelastic
D) infinity;perfectly elastic
Correct Answer:
Verified
Correct Answer:
Verified
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