A rare coin dealer is likely to have a _______________ price elasticity of supply than does a coffee shop due to ____________________.
A) more elastic; the availability of inputs
B) less elastic; the availability of inputs
C) more elastic; a longer adjustment time
D) more elastic; a shorter adjustment time

Question

Quizplus · Accepted Answer

A rare coin dealer is likely to have a less elastic price elasticity of supply because the availability of inputs (rare coins) is limited and cannot be easily increased, unlike a coffee shop which can more readily adjust its supply of coffee.

A Rare Coin Dealer Is Likely to Have a _______________