A local sandwich shop can quickly place an order for food with its local vendors if it uses up its existing resources quickly.This indicates that the price elasticity of supply is
A) unitary elastic.
B) perfectly elastic.
C) perfectly inelastic.
D) relatively elastic.
E) relatively inelastic.

Question

Quizplus · Accepted Answer

The ability to quickly place an order and replenish resources suggests that the supply can respond relatively easily to changes in demand, indicating relatively elastic supply.

A Local Sandwich Shop Can Quickly Place an Order for Food