The supply of ______ tends to be more elastic.
A) luxury goods
B) raw materials
C) necessary goods
D) manufactured goods

Name: The supply of ______ tends to be more elastic. A) luxury goods B) raw materials C) necessary goods D) manufactured goods
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Question

Quizplus · Accepted Answer

Manufactured goods tend to have more elastic supply because production can be adjusted more easily in response to price changes compared to raw materials or necessary goods.

The Supply of ______ Tends to Be More Elastic