Goods that can be produced at a constant or very gently rising opportunity cost have
A) an elastic demand.
B) an inelastic demand.
C) an inelastic supply.
D) an elastic supply.
E) a unit elastic demand.

Question

Quizplus · Accepted Answer

Goods that can be produced at a constant or very gently rising opportunity cost have an elastic supply because producers can easily increase the quantity supplied without incurring significant increases in their production costs.

Goods That Can Be Produced at a Constant or Very