In ________ markets, the elasticity of supply tends to be positive.
A) input
B) labor
C) output
D) all

Name: In ________ markets, the elasticity of supply tends to be positive. A) input B) labor C) output D) all
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Question

Quizplus · Accepted Answer

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

In ________ Markets, the Elasticity of Supply Tends to Be