Goods or services that can be produced only by using unique or rare productive resources tend to have a low elasticity of supply.

Name: Goods or services that can be produced only by using unique or rare productive resources tend to have a low elasticity of supply.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods or services that rely on unique or rare resources are difficult to increase in quantity quickly, leading to a low elasticity of supply as producers cannot easily respond to price changes.

Goods or Services That Can Be Produced Only by Using