If a firm produces a product that has easily available variable inputs, its supply curve will be:
A)perfectly elastic.
B)perfectly inelastic.
C)relatively steep.
D)relatively flat.

Question

Quizplus · Accepted Answer

If a firm produces a product that has easily available variable inputs, its supply curve will be relatively flat because it can increase production easily in response to changes in price without much change in cost.

If a Firm Produces a Product That Has Easily Available