The supply curve for a good will be more elastic if:
a. production inputs are readily available at a relatively low cost.
b. there is very little time for producers to respond to a price change.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The supply curve for a good will be more elastic if: a. production inputs are readily available at a relatively low cost. b. there is very ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » The supply curve for a good will be more elastic if: a. production inputs are readily available at a relatively low cost. b. there is very little time for producers to respond to a price change.