All of the Following Would Cause the Supply Curve to Be

question 84

Multiple Choice

All of the following would cause the supply curve to be more elastic EXCEPT:

• A) production of the good requires only a small share of the market for inputs.
• B) the good is primarily for local supply.
• C) the good is a manufactured good.
• D) there is potential difficulty to increasing the production of the good at constant unit cost.

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Definitions:

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Interchange

The act of reciprocally exchanging ideas, goods, or services between parties.

Epigenetic View

A perspective in biology and psychology that emphasizes the role of genes and their interaction with the environment in determining individual characteristics and behaviors.

Prenatal Development

The process of growth and development within the womb from conception to birth, during which the fetus undergoes various stages of physical and physiological development.