A rare coin dealer is likely to have a _____ price elasticity of supply than a coffee shop due to _____.
A) more elastic; the availability of inputs
B) less elastic; the availability of inputs
C) more elastic; a longer adjustment time
D) more elastic; a shorter adjustment time

Question

Quizplus · Accepted Answer

Rare coin dealers have a less elastic supply because the availability of rare coins is limited, unlike the inputs for a coffee shop which are more readily available.

A Rare Coin Dealer Is Likely to Have a _____