When Production of a Good Can Be Expanded Withoutsignificantly Increasing

question 114

Multiple Choice

When production of a good can be expanded withoutsignificantly increasing the overall demand for its inputs:

• A)supply for this good will tend to be more inelastic.
• B)supply for this good will tend to be more elastic.(True Answer )Correct
• C)price for the good will be constant.
• D)the elasticity of supply of the product will equal the elasticity of supply of the inputs.

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