A Tavern Is Likely to Have a ______________________ Price Elasticity

question 86

Multiple Choice

A tavern is likely to have a ______________________ price elasticity of supply than does an antiques dealer due to ______________________.

• A) more elastic; availability of inputs
• B) less elastic; availability of inputs
• C) less elastic; a longer adjustment time
• D) less elastic; a shorter adjustment time

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Definitions:

Namibia

A country in southern Africa known for its desert landscapes, wildlife, and as the site of ancient human history.

Jericho

One of the oldest inhabited cities in the world, located in the West Bank, known for its ancient archaeological sites and historical significance.

Findspot

The original location where an archaeological artifact was discovered, providing context for its use and significance.

Paleolithic Painting

Prehistoric artworks found on cave walls or ceilings, primarily in Europe, dating back to the Paleolithic era, showcasing animals, human figures, and abstract signs.