If a Good Is Produced Using Inputs for Which There

question 104

Multiple Choice

If a good is produced using inputs for which there are no substitutes, the good's

• A) elasticity of supply is likely to be small.
• B) elasticity of demand will be large.
• C) elasticity of supply is likely to be large.
• D) elasticity of demand will be small.

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The present day or the actual time in which something happens.