In Which of the Following Cases Is the Elasticity of Supply

question 82

Multiple Choice

In which of the following cases is the elasticity of supply for a good likely to be high?

• A) The fixed cost of producing the good is very high.
• B) The firm is operating with excess capacity.
• C) The good has a large number of substitutes.
• D) The market price of the good is very high.

---

Definitions:

VPN

Virtual Private Network, a technology that creates a secure, encrypted connection over a less secure network, such as the internet, allowing for private data transmission.

Firewall

A system for securing the network that supervises and regulates the flow of data entering and leaving according to established security protocols.

Unauthorized Traffic

Network activity or data transfer that has not been permitted, often indicative of a security breach or malicious intent.

Protective Barrier

A physical or electronic means designed to protect objects, information, or areas from unauthorized access or harm.