Which Factor Would Tend NOT to Increase Elasticity of Supply

question 137

Multiple Choice

Which factor would tend NOT to increase elasticity of supply?

• A) the long run
• B) global supply
• C) constant production costs
• D) local supply

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Definitions:

Long-term Solvency

The ability of an entity, typically a government or business, to meet its long-term financial liabilities and obligations.

Low Birthrate

A situation where a country or region experiences a lower number of births, often leading to concerns about population decline and demographic aging.

Aging Population

A demographic trend where the median age in a population increases over time due to increasing life expectancy and/or declining birth rates.

Entitlement Program

Government programs that provide guaranteed benefits to those who meet eligibility requirements, such as Social Security or Medicare.