Which of the Following Is Likely to Be Associated with Inelastic

question 101

Multiple Choice

Which of the following is likely to be associated with inelastic supply?

• A) The time under consideration is very short.
• B) The inputs necessary for production cannot readily be increased.
• C) The good is necessary for survival (e.g., a life-saving drug).
• D) The time under consideration is very short and the inputs necessary for production cannot readily be increased.

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Definitions:

Cash Receipts

The collection of money, typically in the form of cash or checks, received by a business during a period.

Sales Manager

A professional responsible for leading and guiding a team of salespeople, developing strategies to improve sales, and meeting or exceeding sales targets.

Cash Budget

A forecast of cash inflows and outflows over a specific period, used to estimate a company's short-term liquidity needs.

Cash Balance

Cash balance refers to the amount of cash that a company or an individual has available at any given time.