Goods that can be produced at a constant or very gently rising opportunity cost have
A) an elastic supply.
B) an elastic demand.
C) an inelastic demand.
D) an inelastic supply.
E) a unit elastic demand.

Question

Quizplus · Accepted Answer

Goods that can be produced at a constant or very gently rising opportunity cost indicate that producers can increase supply without a significant increase in cost, which is characteristic of an elastic supply.

Goods That Can Be Produced at a Constant or Very