The supply of guitars in Alabama is more elastic than the supply of guitars in the United States.

Question

Quizplus · Accepted Answer

This is because Alabama may have a higher concentration of guitar manufacturers and suppliers compared to the rest of the United States. As a result, if there is a change in demand for guitars, these local manufacturers and suppliers can quickly respond and increase their production, leading to a relatively more elastic supply of guitars in Alabama. However, in the United States as a whole, the supply of guitars may be influenced by factors such as global guitar production and trade, which may not be as responsive to changes in demand as the local supply in Alabama.

The Supply of Guitars in Alabama Is More Elastic Than