In output markets, the elasticity of supply tends to be
A) negative.
B) zero.
C) positive.
D) decreasing at an increasing rate.

Name: In output markets, the elasticity of supply tends to be A) negative. B) zero. C) positive. D) decreasing at an increasing rate.
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Question

Quizplus · Accepted Answer

In output markets, the elasticity of supply is generally positive because as prices increase, producers are willing to supply more of the good, reflecting a direct relationship between price and quantity supplied.

In Output Markets, the Elasticity of Supply Tends to Be