The supply curve for manufactured goods is usually more elastic than raw materials because production of manufactured goods can often be:
A) increased at higher cost per unit by building more factories.
B) increased at lower cost per unit by building more factories.
C) decreased at the same cost per unit by building more factories.
D) increased at the same cost per unit by building more factories.

Question

Quizplus · Accepted Answer

The Answer of The supply curve for manufactured goods is usually more elastic than raw materials because production of manufactured goods can often be:
A) increased at higher cost per unit by building more factories.
B) increased at lower cost per unit by building more factories.
C) decreased at the same cost per unit by building more factories.
D) increased at the same cost per unit by building more factories.

The Supply Curve for Manufactured Goods Is Usually More Elastic