Supply will become more elastic when
A) a time period lengthens.
B) the time period shortens.
C) the good is important to consumers.
D) there are good substitutes for the goods.
Correct Answer:
Verified
Q387: A perfectly inelastic supply curve is
A) an
Q388: The price elasticity of supply is
A) negative.
B)
Q390: Which of the following statements is FALSE?
A)
Q391: Suppose the demand for rental apartments decreased
Q393: The most important determinant of price elasticity
Q394: Which of the following statements regarding price
Q395: If price elasticity of supply is less
Q396: Suppose the short-run supply curve is a
Q397: The price elasticity of supply is higher
Q400: 
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents